F-54 Tcode TDS reversal Error (Very Urgent)

[Former Member]

Hi sappies,

Vendor Code 308413

Advance payment Doc No. 1500167540 Dt.28.01.2008 Rs.35,00,000

In this payment the TDS amt is 39655 (TDS Advertisement Payable-16001001)

On 31.03.2008 when we are adjusting bills against this advance vide T.Code F-54, the TDS amt is not getting reversed. In normal circumstances the tds amt has to be reversed.

Kindly revert at the earliest since in case TDS is not reversed then there is double effect of TDS on account of advance payment & bill booking.

Regards,

Yashwanth

[former_member779012]

Dear User,

I have same issue in F-54 EWT clearing and solved as per following steps.

Check special GL indicator used A / F / ....for down payment

GO to spro Fin accounting - accounts receivable and accounts payable.

-Business transactions- down payment made-define account for tax clearing- Check your down payment SPL GL indicator is available or not... if not maintain the same.

your issue will be resolved.

Regards

Dilip Pawar

[Former Member]

Hi,

1. Create separate withholding tax codes for Invoice posting and payment posting and assign those tax codes in the vendor master data.

2. At the time of invoice we can get the message of down payment exists for that vendor. Select withholding tax code of invoicing and enter base amount (Invoice amount less: Down payment) and save.

eg: At the time of down payment Rs.1000/- Tax =10 Rs. outgoing chq. Rs.999/-

At the time of invoicing Rs.2500/- Enter base amount Rs.1500/-

Expenses A/c Dr 2500

To Vendor A/c 2485

To TDS Payable A/c 15

At the time of clearing F-54

Special GL Credit 1000

Normal GL Debit 1000

Regards,

Padmaja N.

[Former Member]

Check in Vendor Master, W.Tax code for Invoice posting is active

[Former Member]

Hi

I am afraid the process you have followed is wrong. The methodlogy which is used for TDS in case of Advance paid is not automatic reversal.

It has to be adjusted when you raise Invoice in TAX tab.

As far as my knowledge goes its standard SAP if anybody disagree to this please correct me.

Thanks

Colin Thomas

[aniketpatel]

Hi..

Enter business place and section code at the time of posting downpayment (F-48).