Withholding tax- Vendor Invoice Reversals

[Former Member]

Hi,

In Indian CIN -

I would like to know, if vendor invoice accounted (after deducting the Withholding Tax), can be blocked or give a warning before reversals. This is because we remit the tax in next period, before the due date.

After the tax is remitted, I would not like to reverse.

Kindly let me know if there is solution for this

Thanks

[Former Member]

Hi

When you will remit the tax, the TDS line items in your vendor booking document will be cleared. After that if any one wants to reverse that document, system will not allow unless FBRA is performed. So you have got the control in the system after deposit of your TDS.

regards

Parag Bhargava

[Former Member]

Hi,

Thanks for your reply.

I would like to know - is there any option\setting available to warn the user for WT deducted invoice, before reversals.

Regards

[Former Member]

Hi

Are you talking about reversal of invoice before deposit of TDS or after deposit of TDS ?

regards

Parag Bhargava