TDS on GTA (75% of Inv. Value + Service Tax Only)

aps_mbs
aps_mbs Member Posts: 141
edited 2011-09-28 in NAV/Navision Classic Client
Hi All,

Wanted to calculate TDS on invoice Amount (considering the 75% Abatement) + Service Tax amount.

Service Tax amount is calculating correctly i.e considering the abatement.

NAV calaulates TDS amount on the total Invoice amount and service tax.

Any solution to this or need to get it customised....


regards,
APS

Comments

  • ssingla
    ssingla Member Posts: 2,973
    Any reason why it should consider abatement for TDS calculation? TDS laws requires TDS to be deducted on the invoice value and not after deduction abatement amount.
    CA Sandeep Singla
    http://ssdynamics.co.in

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