TDS on Provision for Services received

kannanmdu

Hi All

I am facing a situation in an implementation wherein the customer books provision for taxable services every month/year end and deduct the applicable TDS and pays to the authority within the due date of the subsequent month.

When the invoice is received they are reversing the provision and booking the invoice by debiting the Expenses payable account and Crediting the TDS payable account by the actual calculated TDS amount

Any minor differences (In case of short deduction) they are paying during the next payment cycle. Till now they are doing all the entries in Tally by manual Journals. But they want to follow the same procedure in NAV also.

I have explored a lot of options but could not come up with a solution

Please help me in resolving this issue with some workaround

Regards

Kannan