Payment entry in 2 lines and TDS effect

aps_mbs
aps_mbs Member Posts: 141
edited 2010-09-17 in NAV/Navision Classic Client
Hi all,
If I post a Bank Payment voucher with a document type as Payment the system is not posting the TDS Payable G/L account.

In my scenario, I have to create a Bank Payment voucher in two lines, cos I have to select two different Dimension code in the entry.

The system is posting the entry as Vendor and Bank Account with the amount of Rs. 10000/-
Details in the TDS Entry Table are getting updated without giving the effect to TDS Payable G/L Account.

This will lead to a big issue relating to TDS payable only getting Debit at the time of payment to GOVT authorities and will give a blast if the client looks for the Bank reco.

Suggest if any one has gone through such a case or I am doing any thing wrong.

Regards,
APS

Comments

  • ssingla
    ssingla Member Posts: 2,973
    Which nature of deduction are you using? Which TDS group this nature of deduction is linked to? What amount have you defined in "TDS threshold Amount" field in TDS group? Is your transaction amount more than "TDS Threshold Amount"?
    CA Sandeep Singla
    http://ssdynamics.co.in
  • aps_mbs
    aps_mbs Member Posts: 141
    NOD: SUBCON (Subcontractor sec 194C)
    TDS Group code: Contractor
    TDS Base Amount: 100000/-
    TDS Threshold Amount: 20000/-

    How will it effect the posting of TDS Payable G/L Account.


    Regards,
    Amanpreet
  • ssingla
    ssingla Member Posts: 2,973
    If the transaction amount is more than the TDS Threshold amount than I see no reason why TDS is not getting deducted.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • aps_mbs
    aps_mbs Member Posts: 141
    TDS is geeting calculated and the system is updating the TDS entry table
    It is not getting posted in the G/L account

    Entry should have been:
    Vendor Account.......Dr 100000/-
    TDS Payable...........Cr 2000/-
    Bank Account .........Cr 98000/-

    Entry getting posted is:
    Vendor Account.......Dr 100000/-
    Bank Account .........Cr 100000/-
    (although TDS entry table No. 13729 is getting updated but no G/L effect)
  • ssingla
    ssingla Member Posts: 2,973
    Which version are using? If using 2009 SP1 have u applied Feature Pack 1 (FP1) of 2009 SP1? FP1 have resolved the problem in multiline TDS voucher.
    CA Sandeep Singla
    http://ssdynamics.co.in

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