on 04-16-2009 2:43 PM
Hi ,
When we make a payment (3 rd entry i mention below) through F110 withholding tax deducted at the time of advance payment is getting debited along with payment posting. Can anyone let me know how this is functioning? We are using ECC 6
For example:
Advance payment: (credit tax)
1 st entry) Vendor a/c dr 1000
To, Bank a/c 900
To, TDS a/c 50
To Cess a/c 50.
2 nd entry)Invoice posting:
Gr/Ir a/c Dr 2000
To vendor 1800
To, TDS a/c 100
To Cess a/c 100
3 rd entry)Payment posting through F110.( tax debited here for the same amount which was credit at advance)
Vendor a/c Dr 1800
TDS a/c Dr 50
Cess a/c Dr 50
To Vendor a/c 1000
To bank a/c 900
I jsut wanted to know how taxes are debited in the 3rd entry.where do we do this settings.
TDS a/c Dr 50
Cess a/c Dr 50
Your solution will be highly appreciated.
Thank you.
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