TDS Receivable - Customers
Hi,
TDS/WHT configuration for customers is similar to vendors. But my questions are
1) Is the WHT types/codes need to attach to customer master or to the condition types in SD.
2) I am configuring both WHT types for advance payments and for invoice. In case of vendors while raising the invoice we can remove the advance payment WHT codes while doing MIRO. In case of Customer how it works.. there is no provision in SD billing to remove the WHT types for payment at the time of billing.
3) There is no field in SD billing for business place/section code which is necessary (for F-39-clearing advance) for reversing the TDS receivable on customers advance payment received. How this field is updated in accounting document relating to invoice while billing.
4) I am thinking the TDS on customers is also similar as vendors. The system will deduct TDS on advance payment received if the WHT types for payment is attached to Customer master and also will deduct TDS at the time of billing. The reversal of TDS on advance payment will happen on F-39 transaction. Please tell me the actual proceedure for accounting TDS receivable.
Thanks and Regards
Koteswara Rao
Hello,
you have to post the transaction
J1INCUST
BR TARIK
Similar Messages
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Hi all,
we are getting a lot of TDS Certificates from Customers. Now we are putting in TDS receivable account and putting customer code in Assignment field. Since it is an editable field and subject to wrong entry our users find it difficult to manage.
Is there any standard transaction for this
SunojHello,
you have to post the transaction
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hi,
Our Client requirement is to get customer wise TDS Receivable Report. As of now they are passing manual entry whenever they get the TDS certificate from the customer.
Is it possible to configure in SAP to pass automatic entry for TDS receivable report.Dear Vijay
I think there is no configuration for TDS receivable, but we can capture the tax amount in expenses account while sales invoice posting (same as cash discount procedure) and see the report in Tax expenses account.
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Edited by: Sridhara Rao.D on Oct 1, 2011 3:49 PM -
Process for tds receivable posting
hi all
what is the process for tds receivable configuration in sap and how do we post tds receivable in sap.
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Kind regards
sap fico
armanHI
SPRO>FA>****>WT>EWT>calculation
Define w/tax type for Inv posting
and define w/tax code.
SPRO>FA>****>WT>EWT>posting>define accounts for w/tax to be paid over
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Dear All
My client receives Security Deposit from its Customers and pay Interest to them. Due to this, it has to deduct TDS also on the Interest Paid.
Should I assign the same Withholding Tax types and Codes as created for the Vendor , in the Customer Master Record. Then How to generate Remittance Challan for the customer. This is because in J1INCHLN - Create Remittance Challan , there is no Customer Field.
Please guide me ..
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KanwaljitHi
Basically, J1INCHLN is used for making the payment of TDS which we have deduced from the vendor.
I would suggest you to check whether payment of such interest attracts the TDS provisions.
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Trying to Add a DFF Search criteria in Oracle Receivables (Customers HTML)
Hi Everyone,
I am trying to add a DFF search criteria within the Customer's HTML page. I was able to add the new message box, but am not sure how to tie the box to attribute 3 which is in the Receivables Party information Descriptive flex field. Oracle ebs r12.1.2 is the system.
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Service tax Receivable and payable adjustment automatically
Dear GURU,
Service Tax Receivable & Payable The Client wants to have a Service Tax Control Account that would be automatically populated for the particular bill / Invoice on the day of Vendor Payment and Customer Receipt.
a. Example
While Billing Entry - 31.01.2008 (SD)
Customer A/c 20000
To Service Tax Payable 500
To Rental Income A/c 19500
(Or)
Service Income
(Provision Entry only)
31.01.2008(MM)
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Service Tax Receivable 250
To Vendor A/c 4950
To TDs Payable A/c 50
(Provision Entry Only)
On Incoming Payments from Customers (05.03.2008) (FI)
Bank A/c 19500
TDs Receivable 500
To Customer A/c 20000
(Required Automatically (or) Control) 05.03.2008
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To Service Tax Control A/c 500
On Outgoing Payments to Vendors (10.02.2008) (FI)
Vendor A/C 4950
To Bank A/c 4950
(Required Automatically (or) Control) 10.02.2008
Service Tax control A/C 250
To Service Tax Receivable 250
Please Note: The entries in Red Font are required to be passed automatically
pls suggestHye
You can not generate this entry auomatically. Other option available is Create Tax code for Ex S1 assign account service tax controll account and create another Tax code Say T1 assign GL Service tax cenvatable ( With Target TAx Code as S1). You have to maintain the Service tax controll item with open item management.
On a periodical basis you execute f.38 transfer the Data from S1 to T1 and adjust the eligiblie amount on a periodical basis. -
Dear SAP GURU,
My requirement like this, some contracter payment made by my customer,eg
Adv exp a/c DR 20,000
TO Customer 18,000
TO TDS payable 2,000
It means i want to deduct tds and remit to govt.
I used the same tax code which we using for vendor,and the same assigned to customer master data.
While running t.code f-02 or FB75 system is not calculating the TDS.
How to resolve this issue/
Please put some lights on this issue.
Thanks & Regards
AppanHi,
Please don't update the tax types created for vendor in the asset master,because at the time of posting adv payment received from customer TDS will hit the wrong GL Account i.e. instead of TDS Receivable Account it will hit TDS Payable Account .The same thing will happen while posting outgoing invoice. The tax type updated in the posted document will subsequently hit TDS Payable Account at the time of posting incoming payment.Please check vide OBWW how the tax type and tax code combinations are assigned to the GL Account.Please create new tax type and tax codes for payment posting and update the same in customer master.
Please note that validity of tax type for vendors are defined in spro menu path whereas the validity of the same for customers are defined in the customer master.But don't forget to tick the check box "Sub to W/tax "under Customer Data while Assigning Withholding Tax Types to Company Codes in Spro menu path.
With best wishes
Monoj -
Dunning Letter Set in Accounts Receivable
Please explan how can i create dunning letter sets for customized customer environment, where can i find funciton to create dunning letter set and how cna i attach with specific customer
i can not find any function link in the accounts receivable responsibility or nor in vision operations
Please reply me as soon as possiblehi,
There is a functionality available in the Oracle Receivables Module.
For Creating the Dunning Letter for the specific customer or for all the customers we need to do some preliminary setups to the profile of the customer,.
Steps:
1) Create a Dunning Letter format. -
Navigate to Receivables->Setup->Dunning Letter->
2) Create a Dunning Set Letter format.
Navigate to Receivables->Setup->Dunning Letter Set-
3) Attach the same to the profile of the customer.
Navigate to Receivables->Customers-> Profile-> by updating here the system will asks you the update all the profiles / Existing profile/ Not to update the profile.
If you want to update to all the profiles then you can choose the appropirate option, otherwise choose the existing profile only.
4) Customers->Query the Customer-> Go to Bill to Site -> Menu Profile-Transaction-> choose the dunning letter over there then it only apply to this customer.
If you need any clarification Please feel free to update in this forum.
Srikanth -
Is it possible to Configure TDS for Customer
Dear Experts
pls consider this as an example
1.customer invoice f-22
customer a/c dr 18000
Tds a/c dr 2000
to
sales a/c 20000
2.At the time of incoming payment f-28
there it showing only 18000. so we can clear 18000 here
3 j1incust enter withholding tax certificate from customer
through this way we can clear remaining TDS amount 2000
my question is : our customer paying 20000 without deducting TDS . In this scenario what kind of configuration is required
Thanks in Advance
Ajeesh.s
Edited by: Ajeeshsudevan on Oct 4, 2011 12:48 PM
Edited by: Ajeeshsudevan on Oct 4, 2011 12:48 PMDear Vijay
I think there is no configuration for TDS receivable, but we can capture the tax amount in expenses account while sales invoice posting (same as cash discount procedure) and see the report in Tax expenses account.
Regards
Sridhara Rao D
Edited by: Sridhara Rao.D on Oct 1, 2011 3:49 PM -
Is it possible to receive answers directly on my email box ?
I would like to receive customers' answers directly on my email box, I wonder if it was possible
thxHi;
One of the features in a paid level subscription is "Email Notifications", you can turn on Notifications and have the option to include the data submitted and to ommit blank responses. The format of the email is columns of text, it does not look like the web form, but does alert you and provides the data (with the exception of any attachments).
Compare plan features
Email Notifications
Thanks,
Josh -
Hi ,
Pls Guru's help
Service Tax Receivable & Payable The Client wants to have a Service Tax Control Account that would be automatically populated for the particular bill / Invoice on the day of Vendor Payment and Customer Receipt.
a. Example
While Billing Entry - 31.01.2008 (SD)
Customer A/c 20000
To Service Tax Payable 500
To Rental Income A/c 19500
(Or)
Service Income
(Provision Entry only)
31.01.2008(MM)
Security Charges 4750
Service Tax Receivable 250
To Vendor A/c 4950
To TDs Payable A/c 50
(Provision Entry Only)
On Incoming Payments from Customers (05.03.2008) (FI)
Bank A/c 19500
TDs Receivable 500
To Customer A/c 20000
(Required Automatically (or) Control) 05.03.2008
Service Tax Payable 500
To Service Tax Control A/c 500
On Outgoing Payments to Vendors (10.02.2008) (FI)
Vendor A/C 4950
To Bank A/c 4950
(Required Automatically (or) Control) 10.02.2008
Service Tax control A/C 50
To Service Tax Receivable 50
Please Note: The entries in Red Font are required to be passed automatically
pls suggestHi Prakash Sai,
There is no red font marked in your thread. You can post the autoposting in service tax accounts using the tax code for different types and assign the required GL account for tax code postings.
BSR -
Withholding tax for bank interests
Hi, Experts,
I'm facing the problem that the bank doesn't pay the total interests, they will deduct the withholding tax amount.
I've review the documents for SAP extended withholding tax function, found that it is only available for vendors and customers...
Does anyone know how to realize it in the SAP?
Or just have to manually record it through manual entry?
This happens for banks in Spain.
Many thanks.
Best regards,
KelvinHi,
You have to create a customer a/c with bank name and maintain TDS codes in the master data. Pass below entry
Customer- A/c Dr
TDS Receivable A/c Dr
Int.recd A/c
After that, the will credit the int.in our books.
Bank A/c Dr
Customer A/c Cr
Regards,
Mukthar
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