TDS

vipulkadi

I have Posted A contractors Invoice and Calculated TDS on it.

Now I have to reverce teh Invoice by Posting Credit Memo...buut I am Not Able to Capture the TDS amount in the Credit memo...

I am Not even able to reverce the TDS amount through TDS ADJ journal....

Please let me know How to reverce the TDS entries if it is posted through Purchase Invoice......I know that entries posted through journal can only be reversed....what is the alternative
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Avinashpanwar

Here is only one way to reverce the TDS entry, through TDS adjustment journal.

select the transaction no. on header, line will automatically update, then enter the %age manualy in "TDS/TCS % Applied" field. After that you find the amount in "Amount" field.

post it. after that you post the credit memo.

ssingla

There is no provision in the TDS laws to reverse the TDS therefore MS has not build such a functionality.

lally

ssingla wrote:

There is no provision in the TDS laws to reverse the TDS therefore MS has not build such a functionality.

then if i post the wrong invoice with TDS , then how to reverse that amount.

that means do i need to pass the journals to adjust that amount.

ssingla

Avinashpanwar has already suggested the available remedy