TDS IS NOT GETTING REVERSE IN F-54 Clearing
I have an issue in Down Payment clearing like below.
My client made an advance payment(DOWN PAYMENT) to the vendor say Rs 35,00,000/- at that time tds is getting calculated for Rs 39,655/-.
After that he made a TDS payment to the Govt for Rs 39,655/-. Then he book an invoice aganist the Down payment for Rs 29,07,677.36/- at that time also TDS was got calcutaed for Rs 33,322/-.
Then he wants to clear the invoice aganist the Advance payment, but system only clearing the invoice amount. its not reversing the TDS amount.
So what i am looking from you all is, is that entire process what he did is correct. if it is correct why it is not getting reversed. can you plz share all ur valuvable suggestions, based on ur suggestions i can check in my system and i can solve the issue.
So plz revert back me as early as possible.
All suggestions are apperciated.
T N R