TDS

prashanti
prashanti Member Posts: 96
edited 2010-02-26 in NAV/Navision Classic Client
Hi Experts!!

When we deduct the tds from the vendor through the invoice when we are booking against the same. The tds amount gets stored in the respected tds a/c. But now when the time comes to pay the tds deducted to the government how do we do it. Is there any special window like service tax where we the payment window in the periodic activities. Or we have to manually post the amount through bank payment voucher selecting the respective tds head a/c.

This is the second case when we forget to deduct the tds when booking the invoice of the vendor and we book the same through the journal voucher the tds. Is it ok.

Regards
Prashanti

Comments

  • ssingla
    ssingla Member Posts: 2,973
    First Question: Refer to Feature Instruction Manual available in HF1 of NAV 4.0 SP3 IN Version.
    Second Question: NAV does not recogonize the transaction booked without TDS Asseesee Code and TDS Nature of Deduction because the entries are not posted in TDS entry table. You need to reverse the vendor invoice and repost with the tds calculation.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • kriki
    kriki Member, Moderator Posts: 9,121
    [Topic moved from 'NAV 2009' forum to 'NAV/Navision' forum]
    Regards,Alain Krikilion
    No PM,please use the forum. || May the <SOLVED>-attribute be in your title!

Categories