Financials for India - EBS (MOSC)

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How to handle BOE payment

edited Feb 23, 2012 10:37PM in Financials for India - EBS (MOSC) 3 commentsAnswered ✓
Hi

We have BOE Agent Namely PBP

He gave invoice with value Rs.89227.

Rs.89227 contains 87539(Cutom duty)+1688 Handling charges.

So we are booking invoices partially in the name of ( supplier)-Cutom authority Rs 87539 through BOE.(as we have to applied BOE& Taking material receipt).

Second part in the name of BOE Agent(PBP) with value Rs.1688.

As per TDS act i have to deduct 2% TDS from BOE Agent-PBP Rs.1785.

So pl guide how to handle invoice booking and payment.

I have to pay BOE Agent Rs.87442.(89227-1785TDS)

Regards

Pramod

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