TDS on Service Tax

schoolkid
schoolkid Member Posts: 103
edited 2009-08-14 in NAV/Navision Classic Client
How to calculate TDS on Base amount including service tax in purchase invoice?

Please help!

Answers

  • reema
    reema Member Posts: 255
    Complete the service tax setups and TDS setups.

    When u create the Purchase invoice select that structure as Service Tax and run the function calucalte TDS.

    System automatically calucatate that TDS on service tax + Invioce amount.
    reema
  • schoolkid
    schoolkid Member Posts: 103
    Reema thanks for your reply!!

    The system is calculating TDS only on the invoice amount and not including the service tax. Is there any setup?
  • reema
    reema Member Posts: 255
    Did u select the structure in Purchase invoice header.
    reema
  • schoolkid
    schoolkid Member Posts: 103
    Yes. I have selected the structure in the header. Service tax and TDS is getting calculated but TDS is not including the service tax amount.
  • reema
    reema Member Posts: 255
    For wample :

    Invoice amount = 1500 /-

    Service tax = 155 ( 10.3 % )

    Total amount = 1655.

    TDS amount = 170

    Invoice amount = Total amount - TDS amount = 1655 – 170= 1485 .

    This amount we have to pay to vendor .
    reema
  • schoolkid
    schoolkid Member Posts: 103
    For me the TDS is calculating as 155 and Service Tax as 155. Whereas TDS should be 170.
  • ssingla
    ssingla Member Posts: 2,973
    Try marking the field "Include TDS base calculation" in the structure line of service tax.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • schoolkid
    schoolkid Member Posts: 103
    Thank you very much!! It works. I appreciate your help.
  • ssingla
    ssingla Member Posts: 2,973
    Can you mark the topic solved
    CA Sandeep Singla
    http://ssdynamics.co.in
  • schoolkid
    schoolkid Member Posts: 103
    Can you please let me know how to mark this post as solved?
  • chengalasettyvsrao
    chengalasettyvsrao Member Posts: 711
    schoolkid wrote:
    Can you please let me know how to mark this post as solved?


    1. Edit your first message
    2. Find the field "Attribute", below the field "Subject"
    3. Set this field to [Solved]
    4. Submit your posting

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