Dear Expert,
For our client we are in the process of configuring the "Scrap sales Process". As per indian legal, TCS needs to be calculated and from FI they want to generate the "Certificate" for the scrap sales made.
As per the OSS Note for TCS we configured the process. Meaning, 3 condition types JTCS - TCS-Base, JTEC - ECS on TCS and JTSE - SECess on TCSwere created and assigned with Withholding tax types and tax codes.
As per OSS Note configured another condition type called JWTS and maintained the condition record as 100% to copy the values from TCS condition types.
Now we are getting the accounting entry like
SCRAP CUSTOMER FOR TESTING 262,600.00
Sale of scrap 250,000.00-
VAT Payable 10,000.00-
TCS Payable 2,600.00- (From CKOA Account setting)
TCS Payable 2,526.00 ( From Withholding tax setting)
Clearing tax payable 2,526.00- (From Withhodling tax OFF setting)
Problem here is same "TCS Payable" account getting creditted and debitted. And for TCS calculation from withhodling tax system is considering the amount including the JWTS amount also (250 000.00 + 2500). Due to this amount is getting calculated as Rs 2526.00
Can anybody please help me on this and also help me out how to generate the TCS Certificate also.
THank you
warm Regards,
Nag
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