TDS - US configuration
Dear All,
Any one send the US TDS configuration to my mail id: [email protected]
I will assign the points.
thanks in advance.
regards
Sai Krishna
It is more common to have multiple accounts for withholding tax since you withhold many different types of taxes.
pts appreciated
Similar Messages
-
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 RaoHello,
you have to post the transaction
J1INCUST
BR TARIK -
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.
please let me know the process of customer tds receivable configuration in sap and posting through fb70
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
here you give the w/tax type and code and gl account.
after that please assing the w/tax type to code to customer master.
Regards
Madhu M -
hi experts,
I`m looking for inputs on use of dummy business place with respect to WHT (TDS & TCS) configuration for India. Under the current scenario, we have multiple business place and one section code to be setup. But I need inputs on whether we need to assign this one section code to all business places or create a dummy business place (with same name as section code) and assign thisu under the WHT configuration and use this dummy BP and real section code in WHT postings.
Hoping to get some inputs on this!
Thanks
SGPDear Paneer,
As per SAP note 818732
a) Availability of two function modules namely - J_1I_VAT_TAX_ACCOUNT_DETRMINE and J_1I_VAT_TAX_ACCOUNT_DET_SD. These function modules are part of the function group J1I4 and belong to the Development Class J1I2.
b) Program changes that call these function modules in the relevant programs.
c) A new table - J_1IT030K and its view to maintain the alternate G/L account on the basis of the Business Place, Tax code, Account key.
I am maintianing GL 's in mentioned table
Rgds
ManiSuma -
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 -
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 -
Hello SAP TDS Experts,
i am working for client in Qarar recently qatar government is implimented 5% TDS on sub-controctors for that can i go for Extended withhoulding tax configuration . i have worked on configuration for india is the same congiguration setting have done for qatar also but expect bussines place and section code .
while i am posting vendor invoice system is giving withhoulding tax pup-up box in simulation according to tax code rate system should callacute and credited to TDS Payable account this thing is not happening,
while i am posting vendor invoice system is giving withhoulding tax pup-up box in that withhoulding base amount and tax amount if i am entring manualy in simulation mode enterd tax amount getting credited to TDS Payable account.
I am not able to find the mistake for automatic callucatin of tax amount based on the given withhoulding code
Please help me outHi Guru,
can you share stps to be follow TDS configuration for qatar, my client wants it from sap now.
if anybody configured for qatar, please share with me how to follow the procedure, is it similar to India TDS or any thing new steps to add.
it is great helpful
Regards
Anil -
Threshold configuration in TDS - SAP B1 8.8 (Indian Localization)
Dear Experts
I would like to have the solutions on TDS for the following requirements from one of our client
1) Threshold - Single payment exceeding Rs.30,000/Aggregate during the Year exceeding Rs.75000
2) And also i would like to know whether Linking G/L's for Surcharge is mandatory, since there is no surcharge applicable.
REGARDS
KARTHIKHi Srujal
Thanks for your response. But in WH Tax configuration 'Thresold' limit can be set for a amount. But the requirement is :
When single payment exceeds 30000/= or aggregate during the year exceeding 75000/-
Any solution for this??
regards
KARTHIK -
Dear SAP Gurus,
Please help me in configuring the following TDS limits . for other sections i have done the neeful
1. There has been threshold limit for deducting TDS under various head for the following section
· For Section 194C Rs. 30,000 for single payment & Rs. 75,000 for aggregate Payment during a financial year.
2 In case of PAN not available TDS rate is deducted at 20%
Thanking youall in advance.
Best Regards,
CA Satish PrabhuHi ,
For 194 C , there is no standard settings availabe . In case of Rs. 30000/- you can achieve that by using the formula function in the WHT tax code . In the calculation tab check box the W.tax form . in the view - SM30 V_T059Z.
enter the formula in the cluster SM34 - VC_T059FB .
So the system would not deduct the tax if the amount is less than 30000/- in each and every case , but it will not accumulate the final amount to 75000/- for that you will have to keep a manual control .
Secondly , for PAN related deduction kindly check the Note 1446746 - 20% tax rate is applicable if PAN is not available.
Revert back if still having issues .
Regards ,
Dewang T -
Configuration : TDS Surcharge & e-TDS
Hello Tax Experts,
I am configuring TDS.
Business Scenario 1:
as per Govt of India, Surcharge on TDS is applicable only when it reaches certain limit. for example, in case of individual payments on 194C, if the total payment exceeds INR 8Lacs, then the Surcharge is applicable. in the start we are not sure whether the Vendor would cross the limits.
How do i configure, if i want to start deducting Surcharge since start, when the Vendor crosses the limits.
Business Scenario 2:
Please advice / help me in setting configuration for e_TDS.Hi,
Please follow the following procedures:
1. Create 2 Tax Types for either invoice posting or payment posting or both.
Let us say we have created one tax types (K1and K2 for Invoice posting
Path: IMG -
Financial Accounting -
Financial Accounting Global Settings -
Withholding Tax -
Extended Withholding Tax -
Calculationà Withholding
Tax Type -
Define Withholding Tax Type for Invoice Posting
Assumed Basic TDS Rate is 5% on Invoice amount and Surcharge is 1% (When invoice amount exceeds Rs. 8,00,0000
2. Create 2 Tax Codes (C1and C2) for the Tax Type K1 and K2
Path: MG -
Financial Accounting -
Financial Accounting Global Settings -
Withholding Tax -
Extended Withholding Tax -
Calculationà Withholding
Tax Codes -
Define Withholding Tax Codes
Give the following inputs in that screen
WT Name WT Type Tax Code Base Amount Calculation
1. Basic K1 C1 100% 5%
2. SC K2 C2 5% 1%
3. Define Min/Max Amounts for Withholding Tax Codes
Path: MG -
Financial Accounting -
Financial Accounting Global Settings -
Withholding Tax -
Extended Withholding Tax -
Calculationà Minimum and
Maximum Amounts -
Define Min/Max Amounts for Withholding Tax Codes
In K1, C1: Dont give any amount in u201CMinimum Base Amountu201D field.
In K2, C2: Give 40,000.05 in u201CMinimum Base Amountu201D field
Note: Basic TDS is taxable on the whole valued of invoice amount irrespective of any exemptions.
Surcharge is taxable only when invoice amount exceeds Rs. 8,00,000
4. Go to Vendor Master, mention your tax types and tax codes (K1,C1 and K2,C2) select liable check boxes and save the data.
5. Go to FB60 and post an invoice.
Regards,
Kannusamy S -
Form configuration for TDS Certificate
Hi,
Can u plz tell me where the form is attached for TDS Certificate.
which we r going to print that form from transaction code : J1INREP.
THANKSHi,
You can check with configuration in IMG
extend with holding tax->
Financial Accounting (New)
Financial Accounting Basic Settings (New)
Withholding Tax
Extended Withholding Tax
Basic Settings
Calculation
Company Code
Posting
Accounts for Withholding Tax
Certificate Numbering for Withholding Tax
India
<u>Withholding Tax Certificates for Vendors and Customers
Maintain Number Groups and SAPscript Forms
Assign Number Ranges to Number Groups
Maintain Number Ranges
try it
Thanks®ards
suresh -
Dear all,
This's is the scenario need to configure my client cal you give me the suggestions what is the configuration required.
Withholding tax scenario:
Requirement:
For Vendor 1: up to 1000000/- 4% TDS Rate applicable
After 1000000/- 10% TDS Rate applicable
For Vendor 2: up to 1000000/- 5% TDS Rate applicable
After 1000000/- 10% TDS Rate applicable
For Vendor 3: up to 1000000/- 6% TDS Rate applicable
After 1000000/- 10% TDS Rate applicable
Please give me the solution for the above requirement and share me the Documents if any for the above requiremnt.
Thanks in advance.
Thanks & Regards,
sreehariDear Sreehari,
Lower TDS Configuration basically the TDS exemption given to the Vendor depending upon the section i.e. 194c, 194j, 194I etc. in above scenario you need to config in following way for Lower TDS there is no configuration required only you have to maintain in the vendor master following are the way to maintain to calculate the
1) create w/h Type - W1
2) Create w/h Tax code - W2
in vendor master you have to take Actual Exemption i.e. 60 in Exemption % field in W/H tab along with Exemption no. similar you have to put 5% and 6% in LDC receive rate and take actual exempted in vendor master
hope this will help you
Trinath
hope -
Hai Sap Friends,
How to Configure the customer Tds In Real Time. Any Body send to me.my Mail Id [email protected]
Thanks,
SrinivasaReddyhi frds,
i aslo want vendor and customer TDS COnfid
my id:[email protected]
Regards
kavi -
Dear All,
I have created 5 business places which I will have to assign it to the following section codes.
192B
SALARY
194A
INTEREST
194C
CONTRACTOR
194H
COMM/BRKRG
194I
RENT
194J
PROF TECH SERVICE
195
FOREIGN
206C
TCS
Now after assigning the first bus.place when I assign the second one, it gives me an error that the section code is already present. Now can I not assign multiple bus. place to a single section code ? Do I have to create all the section codes for each different bus. place ? I thought it was like 1:many relation types.
Also pls tell me where do I put the Tan number in bus place?
best regds
SubhaHi Subhadeep,
Please create 5 Section codes if you have 5 Business Places since 1:many relation type wont work here.
I assume you want to maintain TAN in Section Code. You can maintain it in the table J_1I_SECCO_CIT (Path : Financial Accounting Global Settings->Withholding Tax->Extended Withholding Tax->Reporting->Country-Specific Functions->India-> Certificates->Maintain Section Code, TAN, and CIT Address)
Hope it helps you in solving your issue. Please revert if you need any further assistance.
Thanks & Regards
Ramesh -
HI ALL
Iam using A/P Downpayment Request instead of Downpayment Invoice for Advances. Now Iam trying to configure TDS. In that sceario I noticed that TDS cutting is not happening.
I followed the below sceario in SAP 8.8 PL 10
1. Raised the A/P Downpayment Request
2. Out going Payment agst DT Request
3. A/PInvoice & selected the DT Request
In this sceario how to Capure TDS...
Note: In Item / BP Masters, withholding option is selected.
Thanks
ChakrapaniHi Rahul
While using A/P Downpayment Invoice, we observed that Vendor Ledger is coming wrongly.
1. AP DT Invoice: Vendor -
Cr
DT Account -
Dr
2. Outgoing Payment: Vendor -
Dr
Bank Account --- Cr
If I run Ledger for that Vendor, It shows 0 balance, instead of Debit Balance(Advance Amt)
Thats why we are using DT Request.
Is this is default SAP behaviuor or we have to do any setting to get debit amt in ledger report..
Thanks
Chakrapani
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