TDS - Advance process flow?

[Former Member]

Hi All

Explain : TDS through Cash Journal and also explain Through f-48, f-43, f-54 f-53 etc.....with examples?

Example:

Invoice amount: 1,00,000

Advance amount : 40,000

Balance amount : 60,000

TDS on 194C = 2%

Where can I see TDS reports

Pls explain in both scenerios CJ and F-48 with example

Thanks

Anil

[former_member189209]

HI,

please check for FBCJ - New function OSS Note 532888 - Function in Cash journal -

and TDS report - please co ordinate with you ABAPer and write a Enhancement spot - in FBL1N (with using ( with_line ) table for TDS amount data - then you will get TDS amount for RE document type against -

with holding tax code/type update in Vendor master data - system will automatically calculate - while posting - f-48 & F-53

Thanking you

Regards

Mahesh

[Former Member]

Hi Anil,

J1INEMIS / J1INMIS - T.code

Regards,

Jaymin R. Bhatt

[Former Member]

Hi Jaymin,

I know this, but pls explain with examples when we make advance tds and invoice with tds, how the system calculates and which t code we have to make payment and then further process with J1INMIS....

[Former Member]

Hi,

TDS Calculation is done on the basis of With. Tax Type & Tax Code assigned in the Vendor Master Record.

Down Payment Clearing (F-54) ensures that the TDS deducted at the time of Advances gets adjusted/reversed.

Below is the example for the same:

Advance Payment:

29 - Sp. GL(A) -      Vendor Account           Dr.     5000

50                         Bank Outgoing             Cr.     4900-

50                         TDS Payable                Cr.      100-

Invoice Booking:

40                         Expense Account         Dr.      8000

31                         Vendor Account           Cr.       7840-

50                         TDS Payable Acc         Cr.        160-

Advance Clearing (F-54)

39 - Sp. GL(A) -      Vendor Account           Cr.     5000

26 -                        Vendor Account           Dr.     4900

40                          TDS Payable               Dr.       100

While Clearing Advance Payment against Invoice, it reverse the TDS deducted at the time of Advance Payment.

Now Creating TDS Challan

A) J1INCHLN -

40        TDS Payable Account           Dr.  60

50        Bank Outgoing                      Cr.  60

Bank Challan Updation:

B) J1INBANK

Hope above accounting entries would addressed your query.

Regards,

Jaymin R. Bhatt

[Former Member]

Hi Jaymin,

I think you missed F-53 process, pls explain///

Well, Can we do below process in FBCJ, can u pls explain, client requirement is they want to do all this process in single screen shot?

Advance Payment:

29 - Sp. GL(A) -      Vendor Account           Dr.     5000

50                         Bank Outgoing             Cr.     4900-

50                         TDS Payable                Cr.      100-

Invoice Booking:

40                         Expense Account         Dr.      8000

31                         Vendor Account           Cr.       7840-

50                         TDS Payable Acc         Cr.        160-

Advance Clearing (F-54)

39 - Sp. GL(A) -      Vendor Account           Cr.     5000

26 -                        Vendor Account           Dr.     4900

40                          TDS Payable               Dr.       100

[narasimhulu_konnipati]

The process and entries from your post are correct.

When you make the vendor payment through FBCJ, in the pace of Bank account you see the Petty cash account. TDS will be calculated as per the tax type and tax code assigned in the Vendor master.

No difference other than GL Account from FBCJ to F-53 / F-58 (F-58 can used for check payment)

Hope this clarifies.

[Former Member]

Hi Narasim,

Can you please explain with entries how it generate in FBCJ, TDS advance, TDS invoice and TDS transfer, Difference TDS payments, what business transactions should take - where can we see the TDS report.

My business transactions are:

[rudra_mishra]

Dear Jaymin,

I know it's a very old thread, still i am asking question..please help me out..

When am doing J1INCHLN system is not showing the reversed TDS amount, It is showing the TDS deducted at the time of advance and TDS deducted at the time of Invoice..

I have already checked in with_item table, and the reversed TDS is updated..any idea why it is not coming at the time of remittance challan..

Please help me on this..???

[Former Member]

Hi Rudra,

Sorry for delay in response.

Has the TDS Clearing been done by F-54?

Plus also check the With Holding Tax Type - Payment Configuration.

Central Invoice - Central Invoice Proportionately - Radio Button Should be selected.

Do revert if it works.

BR, Jaymin R. Bhatt