TDS Deducted not deposited

[Former Member]

Dear Experts,

By mistake one of our user has deducted TDS on 14.08.08 with posting date 27.07.08.(After TDS is deposited on 07.08.08). As such it remained as open. We are now tracking it. By the time MMPV for Jul & Aug is done.

Now to avoid penalty intrest for delayed deposit of TDS we want to reverse the document by opening the period. But since it is MIRO document it is not allowing, it can be reversed with date 01.09.08 onwards,

How to dela with this situation, please advise.

Reagrds,

Alok Parida

[Former Member]

unanswered

[Former Member]

hi pls post JV doc for that

[srinivasa_maruvada]

Hi

Cancel Invoice Dpcument at TCode MR8M and redo the MIRO

Cheers

Srinivas

[Former Member]

Dear Srinivas,

I have mentioned we have already done MMPV for Aug'08. The MIRO was done in Jul'08.

As such it can not be revrsed using MR8M.

Regards,

Alok

[former_member1244686]

hi,

you can Reverse it in FB08 Using options such as "02 - Reversal in closed period"

hope its useful.

Regards,

R.Ramakrishnaraj

[Former Member]

Dear Rama,

It is a MM document. As such we can not use FB08 a FI T-Code to reverse.

Even if we reverse using MR8M with closed period the tax liability will be continue to exists as on 07.08.08. Since it is not paid by 07.08.08 we have to pay delayed interest to IT dept.

Regards,

Alok