TDS at Advance Posting
Dear Experts
TDS is not deducting at the time of advance posting.I got this message.
"Withholding tax amount exceeds total bank line item amounts.
Message no. 7Q320"
best Regards
Kalim
Dear
Check relevant to cash flow for that particular bank GL A/c in third tab in t.code FS02
Regards
Similar Messages
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TDS DEDUCTING TWICE AT THE TIME OF ADVANCE POSTING AND AT THE TIME OF INVOg
HI ALL
I HAVE AN ISSUE TDS DEDUCTING TWICE AT THE TIME OF ADVANCE POSTING AND AT THE TIME OF INVOICE POSTING
AT THE TIME OF ADVANCE POSTING F-48
ENTRY IS
VENDOR DR 30000
BANK CR 2900
TDS CR 300
AT THE TIME OF INVOICE POSTING-FB60
THE ENTRY IS
EXPENSE DR 30000
VENDOR CR 29700
TDS CR 300
SO TDS HAS BEEN DEDUCTED TWO TIMES
AT THE TIME OF DOWN PAYMENT CLEARING u2013F-54
THE INVOICE ENTRY SHOULD BE REVERSED AS
VENDOR DR 29700
TDS DR 300
VENDOR SPL CR 30000
BUT IT IS NOT REVERSING WHILE CLEARING DOWN PAYMENT AT F-54
FOR THIS I MADE THE CONFIGURATION FOR DOWN PAYMENT IN WITH HOLDING TAX TYPE FOR PAYMENT.HERE I ACTIVATED u201CCENTRAL INVOICE PROu201D
THOUGH IT IS NOT REVERSING THE ENTRY OF INVOICE POSTING AT THE TIME OF DOWN PAYMENT CLEARING AT F-54.
SO WHAT COULD BE THE PROBLE . IF YOU KNOW PLEASE TELL ME THE SOLUTION
I WILL BE GREATE THANKS TO YOU
REGARDS
RAMHi All
I Have an issue with TDS.
At the time of down payment clearing th invoice amount is not reversing..what are the settings I need to check
Actually
At the time of Advance Posting the entry is----
VENDOR DR 30000
BANK CR 2900
TDS CR 300
At the time of Invoice Posting theentry is -
EXPENSE DR 30000
VENDOR CR 29700
TDS CR 300
At the time of Down Payment Clearing in t code F-54 the invoice entry should be reversed as -
VENDOR DR 29700
TDS DR 300
VENDOR SPL CR 30000
But system not reversing while clearing down payment in t code F-54 and the system posting entry is as----
VENDOR DR 30000
VENDOR SPL 30000
So what is the mistaken has been done by me .If you any idea please let me know. I will be thankful to you.
Thanks&Regards
Ram -
Withholding Tax(TDS) on Advance(F-48) and On Final Payment-F-53
Hi Expert,
I am facing an issue related to TDS, on vendor advance. Its little different scenario, However rule is whichever is early.
Requirement is like this, generally they deduct TDS on down payment and in case of final Payment. No TDS at the time of invoice booking.
For example- Down payment made to Contractor Rs 200 @ 2%, Total invoice value was Rs 1000. TDS to be deducted on advance will be Rs 4. Invoice booked for Rs 1000.
Hence at the time of payment F-53, system should deduct TDS Rs 16 on Rs (1000-200) Rs 800. How can we achieve same while making payment F-53?
If I have to do same thing in case of invoice (FB60) then I can change TDS base value manually and put Rs 800 then system will calculate automatically.
From configuration point of view I have ticked on-
Change view “Withholding tax type definition-posting at time of paym. Under this ticked both option one by one even its not working.
No centre invoice
Central inv.prop
Regards,
K.PrasadDear Mukthar,
I tried but its not working.During Payment system is adjusting TDS automatically which we paid on Advance but during payment,TDS on final payment is not clearing and not assigned amount is not getting zero.
Step 1: Advance Amount Rs 1000@ 2%
Step 2:Invoice Booked of Rs 5000,no TDS during Invoice booking but payment withholding Tax code was ticked during Invoice booking,as you suggested.
Note:Total Invoice value is Rs 5000 out of which Rs 1000 made as an advance.Please see-step 1.
Step 3:F-54 advance clearing against above Invoice
Step 4: Payment of Rs.4000 subject to TDS
Here is problem,system is calculating TDS on Rs 4000@2% which is correct but not assigned amount is not getting zero.
How to clear this?
Once you click on INR net 4,900 blue line,then amount entered gets 5000.
Now click on WH tax tab,which is showing everything correct. but question is how to clear Rs 80 and not assigned field make Zero.Which is our requirement. If not assigned become zero then issue resolved.
Hope you understand my problem.
If i click on difference posting and simulate then -Not assigned tab gets Zero but it create one open item with Document types-KZ, which again is a issue to clear and you cannot clear.And if you simulate it then system is reversing TDS on advance and final total TDS is crediting this time.Till here no issue. Here is simulation entry-
This you are able to get only once you click on difference posting but in FBL1N with document type KZ Rs 80 would be appear and that you cannot clear anyway.
Vendor Master detail:
Hope you understand my problem,if you run this scenario then you would have more clarity however I covered all process.
Regards,
Prasad -
TDS deducted on advance get reversed when we clear advance with invoive. but how the system should work in case there is a change in the rates of tds deducted between the two. For example, Advance made in march for Rs 10000, tds deducted @ 10 % 1000.
Now Invoice come in April for 30000/-, rated for TDS got changed (by budget) from either to 15% or 5%. We have made the approipriate tax codes and assigned them to the vendor master. But at the time of invoice processing TDS is deducted on whole 30000 @ either 15% or 5%.
Invoice 15 % 5%
TDS 4500 1500
F-54, Clearing of advance agt. Invoice, TDS will be reversed 1000 1000
Net TDS 3500 500
This is how system respond.
However, what should happen functionally is
Advance posting 1000 1000
Invoice [ 30000-10000] 20000 3000 1000
Total should be 4000 2000
I have checked JV, etc. but nothing is giving appropriate answer, Pl suggest on that.Hi
It probably depends on when the service is rendered. Was it rendered last year or after the TDS rate change?. Depending on that, TDS should be calculated. However it is reasonable to assume that service is rendered upon submission of Invoice. In that case, what the system does is correct. ie using the new tax rate of 15% or 5%, as per your example
Jayaram -
Configuration of tds on advance payment to vendor and adjustments?
Can someone please help me in configuring sap for tds on advance paid to vendor and adjustments.
Will be happy if you could send me screen shotsHi,
Fo configuring Advance payments sterps if as same as the invoice posting types and little differences are there
Configure as per the step Define withholding tax payment posting types.
Regards,
Kanike -
***TDS on Advance**
Hi,
Iam testing TDS on advance. its working fine at DP entry (f-48)( W/TAX ALSO GOT CREDITED HERE)
but while at clearing the DP (f-54) its not debiting witholding tax. ( there is no line item created for this.
How can get the W/tax line item here in F-54... CRITICLEHi
In the Configuration you need to follow these steps
1. Create Business Place
2.Create Section Code
3.Assign Business Place to Factory Calender (this step will be in between Business Place and Section Code creation steps)
4.Define Withholding tax type for Payments -->Select the last option Central Inv. Prop.
5.While doing Down Payment(F-48) and Invoice(MIRO,MIR7,F-43, etc) Give Business Place & Section Code
6.In F-54 , Double Click the Down Payment document and check whether the amt is displayed in Transfer Posting Column and at the Total Amount in the down and then Document SIMULATE.
Here the Tax amounts will be Debited.
Regards
Venkat -
Calculate 10% TDS on advance rent for vendor related Real Estate contracts
Hi Experts,
In my current RE-Fx implimentation project for a retail client; I need to calculate 10% TDS on advance rent payable to vendor.
What withholding tax configuration needs to be done & maintained to calculate 10% TDS on advance rent for commercial Lease-In contracts?
Thanks
Shantanu KarHi,
There is no special Withholding tax configuration required for SAP RE-FX. All you need to do is check with your FI consultant for all relevant configurations and tax codes created for invoice and payment for section 194I, maintain the tax codes at the vendor master.
At contract creation you have to maintain the withholding tax lines at posting parameters tab by pulling the information from the partner data. The withholding tax will be considered at periodic posting.
Regds,
Hardik Sharma -
Screen shot help for withholding tds on advance?
can someone please help urgently
When the withholding tax type is mapped to vendor master record it gives an error saying that entries in table T0 59Z not existent.I need to develop screen shots for " advance to Vendor& TDS on advance"HEllo,
Firstly please check in your customizing that you activated the
extended withholding tax functionality by following this path in
the IMG:
financial accounting global settings
-> Comapny code
-> Activate the extended withholding tax
Also, there is an additional field "W/H tax catagory" which should be
optional in your account group settings. Please check this by using
Transaction: OBD3
-> Clicking the relevant account group
-> Company code data
-> W/H tax data.
Please note that when you create/change vendor master data, if you
navigate to the withholding tax screen, you have to FIRST enter the
withholding TYPE. Additionally, you may enter a withholding tax CODE
(defined for this withholding type), which is going to be proposed when
posting an invoice for this vendor. If you first enter the withholding
code without having entered the withholding TYPE, the foreign key check
leads to the message 00058 you described in the problem.
Have you check if the tax type exist in T059Z?
REgards,
REnan Correa -
How to deduct tds on advance payment IN SAP
How to deduct tds on advance payment to vendors.
Hi Kishore,
You need to define the Extended Withholding Tax type based on payment. Assign WHT code to WHT type and complete the relevant configuration. Below link will help you to config WHT in SAP.
http://help.sap.com/saphelp_470/helpdata/en/e5/0781474acd11d182b90000e829fbfe/content.htm
Assign WHT type and code in vendor master data.
Standard SAP will start deducting WHT on downpayment.
Hope it helps.
Thanks,
Deepanshu -
Asset will not capitalize at advance posting
Dear All,
Our requirement is asset entry will not post at advance posting. I have checked earlier discussions on this issue and done the configuration accordingly i.e. suppress the asset fields & change the message as warning. After the changes I have created a down payment request by F-47 with reference to capital PO. Later I have made advance payment through F-58. Here system is allowing the asset postings. If I have directly posted the advance through F-48, it is posting without assets.
Please have a look onto the issue.
Regards,
MuktharGo to SPRO --> Financial Accounting (New) --> General Ledger Accounting (New) --> Business Transaction --> Document splitting --> Classify G/L Accounts for Document Splitting
You wil find the GL account is assigned to category 7000
then following setting needs to be done,
SPRO --> Financial Accounting (New) --> General Ledger Accounting (New) --> Business Transaction --> Document splitting --> Classify Document Types for Document Splitting.
Assign document type KZ to transaction 1000 & variant 0001 -
TDS on Sales Invoice and TDS on Advance Payment
Hi All
Can any one explain the below WHT scenario.
"If we get advance payment from customer and after some time (15days) we have posted an sales invoice against him. Now on which amount we have to deduct TDS. (At the time of Advance from Customer we have deducted TDS).
Again we have to deduct TDS on Sales Invoice or not?
Thanks
ChandraHi Chandra,
First of all, TDS means Tax Deduction at Source and so it does not apply to receipts from customers. It applies only in case where we pay to our vendors. While we receive the payment from our customers, its the customer who deducts the TDS and not we. We only book the total Invoice that we book as revenue and take the TDS certificate at the end of the year from the customer and submit it to the IT dept. By submitting the TDS certificates, we need not pay tax to the extent of TDS certificates.
So its only when we make advance payment to our vendors/sub-contractors or while booking the invoice of our vendors (whichever is earlier) that we have to deduct TDS.
Hope you understand this. Kindly revert if u need further information.
Regards,
CA. Karthik Narayan N S
SAP-FICO Consultant -
Dear All,
We are entering the some Amt. in Advance tab of PR05 and we are not entering any receipts and we would like the advance amt. what ever we entered to be posted..!!
But when we post it also we are getting 'Posting with zero Amt.', we got to know that Advance would go to expense type VORS/VORK and we checked that these expenses types exists also even then we are not able to post the related trip which is having advance amt.
Please suggest.
Thanks and have a nice day ahead,
Mit freundlichen Grüßen / Best regards
Mangalagi S VHi,
Use Tcode Trip and create trip there here itself there is a provision for advance and save finally go to pr05 and create travel expense report. before going to trip u need to assign your user id in 105 infotype subtype 0001.
All the best
Prasanth -
Travel Advance, Posting behaviour when change in Trip Status
Hello,
An issue arose with SAP Travel Expenses - Advances. An advance was entered, then the request approved and settled.
No expenses were entered against the trip, but the status was then changed to "Trip Approved, To be setted". This resulted in a reversing entry for the advance in the posting run. No changes are displayed in PR05 (other than the statuses in the history tab) but when expenses are then entered against this trip, they are reiumbursed instead of being off-set against the trip advances.
Has anyone run into this issue?
Thank you,
Tammy WilkinsonHi Tammy,
It appears that the Settled status of the Advance was cancelled which resulted the posting run to reverse the original posting for advance.
Entering a separate travel expense will only do the posting without taking the advance into account. Two options to fix this.
1) Delete the original advance and amend the approved travel expense and add 'advance' within the trip with expenses. If the trip for expense is already attained 'Transferred to FI' status, you may need to cancel the original posting and apply the amendment.
2) Delete the trip with expense transactions and re-submit the advance trip and once approved and settled, convert the travel request(advance) to travel expense trip by adding transaction.
Let me know how it goes................
Rgds
CONMJI -
Travel Advance Posting in Other Currency
Hi All,
While posting Travel Advance in USD , System is taking exchange rate from CURR table. Our requirement is we want to post the Document in USD and also want to take exchange rate from Advance table.
Is there any BADI or Userexit available to change the exchange rate.
Regards,
KamalHi
Check the Accounting Document Type for Travel Advance. You can maintain a different Ex. Rate Type(T003-KURST) for this Document Type in OBA7.
Thanks
Prasad -
Hi All,
I've a scenario where in Trip advance is 2000 and actual trip expense is 1000. After posting the trip to FI, the advance of 1000 is to be recovered thru Payroll.
Just wondering on what config I've missed ?
Also I couldn't find Subschema for postingTravel expenses in Payroll ?
Can any one shed light on this?
Regards,Hi
Wel i have the same scenario in my company...
Guys plz help
Neha
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