TDS Entries

Dear All,
Can any one send me the Accounting entries which are generted from Advance Payment to vendor Invoice and clearing the vendor account transactions.
Thanks & Regards,
Kumar.D

hi
If you are calculating TDS for Rent at the time of Payment then following entries will come:
1. Down Payment
     Vendor Dr.     10000
      Bank   Cr.      7940
      TDS     Cr.     2060
2.   Invoice
     Rent Dr.        20000
      Vendor cr.    20000
3. Clear Vendor Down Payment
    Vendor Dr.               10000
    Vendor(spl GL) cr.     10000
4.   Payment
     Bank Cr.       7940
     Vendor Cr.    10000
     TDS   DR.          2060
     Vendor Dr.    20000
     TDS      Cr.     4120
if u need any further clarification, let me know
If helpful assign points

Similar Messages

TDS ENTRY Problem

Hello
I have a problem regarding TDS entry
When we Pay TDS on Invoice TDS Calculated on Gross price
JE will Crated as: net Value 1000 & tax VAT@5%= 50 Total Bill value is 1050 & TDS Amount is 105 So Total bill show Rs 945
due & JE crated as
Vendor A/c Credit 945
TDS Payable A/C Credit by 105
VAt A/C debit by 50
Raw Material A/C debit by 1000
I thing this right but my client want entry should be
Vendor A/c Credit 1050
TDS Payable A/C Credit by 105
Vendor A/C Debit by 105
VAt A/C debit by 50
Raw Material A/C debit by 1000
They want vendor ledger should show how much tds cut whey they view vendor ledger..

Hi,
write a query report to show the document and vendor wise TDS Deducted amount.
Regards
Jambulingam.P

Pick TDS Entries in Outgoing Payment

Hi,
While making Outgoing payment for TDS type, we need to click on Pick TDS Entries, where we get the list of documents where TDS has been deducted but i need a filteration in there because the list is so long to choose the documents against which TDS needs to be deducted.
Kindly advice.
Regards,
Ashish

hi
i am sorry thats the only basis functionality available in the standard b1 however u can customize or generate it as per our liking with the help of SDK
U would require to take help of coding
Regards.
Manish

Issue on automatic journal entry for TDS entries

Hi Experts
when i am doing incoming paymnets for some invoices continouslly, which has TDS, two or more automatic journal entries are created for single invoice only saometimes it is happing
Can any one help me on this issue
Regards
Boopathi.T

Hi
Can u explaing detially wt kind of JE was automatically posted....wt is the version of ur TDS addon, It might be Bug of TDS addon so pls contact ur TDS vendor....
Also copy ur Db and test in Demo DB by stoping the TDS addon it still happens then we have to look seriously wt is going on...........
Giri

Due items not showing tds entry

hi
I posted interest with TDS by the batch input after posting the interest with F.44. I selected Withholding tax at the time of invoice.
But now the TDS is not displaying in the vendor line item display. When we double click to that interest entry there it is displaying
For eg;
Amount -9,455.78
Disc Base-10,505.78
The difference of this is the TDS amount ie. 1050.
When i see the same entry in FB03 it is display correct .
Suggest me the way that i can split the entry in vendor line item display.

i just selected the customized layout and it worked.

Error in TDS entry

For Section 194J, the minimum amt for TDS deduction is Rs.20000. If the first invoice is for Rs. 19000 (through FB60) no TDS is to be deducted. However if the next invoice is Rs. 2000, TDS is to be deducted on the entire amt of Rs. 21000. But since the TDS amt is higher than the invoice amt the entry cannot be passed through FB60.
Therefore I have posted an invoice through FB60 for Rs 2000 and given base amt as Rs.2000. Secondly I have posted a JV through F-02 for the balance TDS amt of Rs. 1900 (10% of 19000). This amount however does not appear in J1INCHLN while making the pymt of TDS.
I have also tried to rectify the entry of Rs.19000 through J1IVJV but it is not getting processed. I am getting an error thatTDS has not been deducted so JV cant be processed.
What is the solution for this?

HI,
Yes if second INv is having 2000 the system will not allow to you post because tds amount is higher.
In this case please keep the Inv pending and get the bigger inv and post it and later you post the 2000 inv.
If you post the document through F-02 then challan will not consider.
Regards
Madhu M

TDS entry in case of customers

Dear Experts,
The scenario is u2013
I have received an advance of rs.1000 from customer & now I had made one invoice by deducting TDS with rate 1, now after going to the incoming payment screen as per mentioned in the manual I have put the TDS amount & done the incoming payment. Two JEu2019s were passed accordingly. Now my question how I should reconcile it against completes payment. Since when I am trying to do reconciliation it is nowhere reflecting my open invoice document.
Regards-
Mona.

HI
IU have posted Advance agst of Invoice, at the time of paying the advance to that invocie have u posted the advance amt in Total payment Column? if its not then this invoice will not come again in Incoming payment screen, u have to post the remaining amt then u have to do manuall reconicllation with that invoice.
When ever u r making partial amt r customer making partial amt of invoice u have to specfiy that amt in Total Paymetn colmn, then only the next time the invoice will show the open value..
Giri
Edited by: Giri dharan on Jan 8, 2010 1:38 PM

TDS calculation.

Hi,
In Payment Withholding tax type iam selected No central invoice radio button, while making vendor down payment Rs10000/- i have deducted TDS Rs 1000/-, while making vendor invoice Rs 15000/-, i have mentaioned Wth base is Rs5000/-. it deducted tds Rs 500/-.
i done down payment clearing through F-54, at that time it is not reversing the TDS Entry. but while making payment entry through
F-53 at that time it is debting the TDS Rs 1000/-. if we select no central invoice tab it shouldn't revese TDS entry. any solution on this issue.
Regards,
Raju

Hi
if you have selected No Central Invoice in Define withholding tax type for payment posting.
you have posted advance and invoice and tds is being deducted on both, then System will Debit the Extra TDS deducted in advance posting, whether you make manual payment(f-53) or automatic payment(f110).
if you have selected Central Invoice Prop in Define withholding tax type for payment posting.
then system will Debit tht amount in an earlier step to the final payment, which is f-54.
Regards
Venkat

Reversal of TDS IN F-54

Dear All
1. im making the vendor downpayment at that time TDS is deducting
2.im posting vendor invoice at that time also TDS dedcuting
3.when im clearing the down payment in (f-54) tds is not reversing only the amount is revrsing what could be the problem
Plz Advice on this
Regards

Hi,
Good morning and greetings,
Wishing you a very Happy New Year 2007
Ideally speaking the scenario would work like as below
Step No.1: Downpayment paid to Vendor say £1000 and TDS is 5% = £50
Step No.2: You account the full vendor invoice for say £5000 and TDS is 5% = £250
Step No.3: The initial TDS deducted is already paid to the government and should not be reverted back. All you do when you account the whole invoice, the system will see what is the total recoverable as TDS = £250 minus what is already deducted = £50 and it would raise a TDS entry only for £200 at this point in time.
Hope it is clear.
Please reward points if found useful
Thanking you
With kindest regards
Ramesh Padmanabhan

Vendor down payments with TDS

Hi Experts
I am trying to make vendor down payment with deducting Withholding tax through transaction code F-48. At the time of simulating of the same system is giving error message
"Withholding tax amount exceeds total bank line item amounts.
Message no. 7Q320"
All configuration has been done like tax code and tax type for down payment and assinment of GL account.
Kindly advise as on urgent basis.
Kuldeep Dubey

Hi
Check the Total Debit & credit for that document
the normal JV for TDS entry in F-48 is
Vendor Dr 10000
Bank    Cr 7734-
TDS - B     Cr 2000-
TDS - S       Cr 200-
TDS - C        Cr 66-
hope its useful ........assign points if found useful
Regards
R.Ramakrishnaraj

TDS certificate wrong values down payment clearing

Hi,
we are using 4.7 version with patch level Sap &APPl( accounts &
Logistics) SAPKH47029. we are using extended witholding tax. with three
tax codes. Tds + Surcharge, Ecess , SHEcess
we made vendor downpayment Rs5000/-. at the time my TDS is
TDS+Surcharge= 550, Ecess=11, SHEcess= 6, Total tax= Rs567/-
we made vendor invoice Rs10000/- at the time TDS is
TDS+Surcharge= 1100, Ecess=22, SHEcess= 11, Total tax= Rs1133/-
We cleared downpayment using F-54 aginst invoice.
at the time it has reversed the Downpayment tds entry Rs567/-
i made remittance challan J1INCHLN amount RS 1133/- it is correct.
While generating TDS certificate it is showing wrong values. Rs 1116/-
it is showing two line items.
Amount paid TDS Surcharge Educat cess Total tax
9450.00 500 50 1 549.00
5000.00 500 50 17 567.00
Total 1116.00
But it is showing correct value in Querterly e returns J1INQEFILE

Hi,
Note Number: 1124300

Regarding Tds at the time of down payment

Hi All,
At the time of down payment we are deducting the TDS for the vendor,
and at the time of invoice we are deducting TDS only to the extent of the balance amount outstanding (invoice amt - downpayment amt).
After this we are clearing the downpayment made to the invoice raised with trax. F-54.
when we are making outgoing payment to the vendor, the TDS amount which is deducted at the time of Down payment is also being debited (here the down payment amount is fully credited and the TDS amount at the time of downpayment is getting debited).
Any how the amount is correct but there will be a open item created in the TDS account and at the time of making payment to the bank for TDS this will come as a open item (j1inchln).
This will create unnecessary balance in the GL accounts.
Please Advice what to be done.
Regards

payment related all tax types deselect the radio button of central invoice prop. and select No central inv. under central invoice tab
then it will not reverse the tds entries at the time of f-53/f-58
assign points if useful
Edited by: Sai Krishna Vallurupalli on Jul 1, 2008 1:05 PM

TDS in MIRO transaction

Hi,
I have prepared MIRO with TDS. So entry has generated like:
Expense Dr.   1000
TDS       Cr.          10
Vendor   Cr.         990
After that I have deposited the TDS entry by creating challan and ultimately this has become clearing entry.
After this due to some errors, I have reversed MIRO transaction. There I found TDS entry has also got reversed without asking for resetting the TDS entry.
Now my client needs the system to be highlighted for resetting the TDS entry before reversing MIRO transaction. Please tell me configuration steps.
Babjee

Hello,
I am not expert in Patches but we have tried a validation of the error message for vendor invoice in our old company and it worked well for both MIRO and FB60.
Please work on this and it will be realy helpful for you
Best Regards

TDS adjustment for MIRO Invoice MM Period Closed.

Hi Experts,
We Have got issue wrt TDS entry in the system.
Our client plant has entered downpayments for a vendor and deducted TDS on the same for the Period from Sep 11 to Dec 11
The HO has already remitted the TDS Payments to the Government. (Outside the system)
Meanwhile the MM Period is closed for the Period from Sep 11 to Dec 11 ( the Current Period Open are Jan 12 and Feb 12)
Now they want to post MIRO Invoices in the system, but as the MM Period is closed they can enter invoices only for the current period.
How can they adjust the TDS amount posted against downpayment and MIRO Invoice ?
also should they not deduct any TDS on MIRO Invoice or Deduct TDS and Adjust the invoice using F-54 ?
Also should we make remittance challan in the system for Sep 11 ?
Awaiting your reply.
Regards
Gautam.

Hi,
You will Go to SE16 give table name MARV enter, select your company code XXXX, Execute & select your client XXX and F2 and go to command box enter /h press enter twice and go to menu path select debugger and select switch to classic debugger Double click on "if code", you will be provide with "if code and show, remove show and give EDIT and press F8 (execute), you will be displayed with delete entry button, and click on delete entry button and save
and go to OMSY And chose your company code select your required period , year and save
Thanks,
Raviteja

TDS at the time of MIRO

Dear All,
I am done miro at that time my mistake i could not tag the TDS for the vendor now only i realised that i have to deduct the TDS to that vendor now the MM period is closed i cannot do the reversal and TDS i have to remittee with in 7th of next month. Is any solution for this
can you please answer me

Hi,
Use MMRV which will allow posting to previous period. Then make necessary transaction to include TDS entries. Enter Business Plance and Section Code without fail.
Regards,
Sadashivan

TDS Entries

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