TDS Advance

wolftech

Hi Experts,

I confused with entries that are posted in the following scenario when calculating TDS.

My TDS Vendor says I have to pay him 50% in order to get service from him, So I pay him 50% deducting TDS

eg: TDS % = 10 ( lets assume no surcharge and ecess for easy calculation)
Total Invoice amount = 10000.

I make 50% Advance Payment deducting TDS.

i.e : 5000

Vedor Account(creditor) is debited = 5000
Bank Account is credited = -4000
TDS Payable credited = -1000

Again when I raise Invoice 10000k
Vendor (creditor ) credited = - 8000
Expense Account Debited = 10000
TDS Payable Account credited = -2000

No I apply entry between payment and Invoice
vendor (creditor) Debit = 5000
vendor (Creditor) Credit =-5000

then I post another payment for 5000 for the same invoice using apply entries
vendor Debited = 3000
Bank Account Credited = -3000

so Total amount credited to TDS account is 3000 Which is wrong..

Where am i wrong.. ](*,)