Financials for India - EBS (MOSC)

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TDS Invoice is stucked in Interface and Credit Memo created under Needs Revalidation Status

edited Mar 6, 2014 10:42PM in Financials for India - EBS (MOSC) 6 commentsAnswered

Hi,

I have created a new Supplier for which Default TDS Section is 194(C) and thershold is for Single=>30001 and above and for Cumulative=>75001 and above.

Than I have created Invoices like this:--

1.Invoice of Rs 25000 and as it is not in limit so no TDS is calculated.

2.Invoice of Rs.30000 and as it is not in limit so no TDS is calculated.

3.Invoice of Rs.23000 and since limit is crossed so now TDS to be calculated.

Following things got happen:--Now total TDS and Credit Memo Amount=>2% on 78000=1560

1.Auto TDS and Credit Memo created for Rs.460 is created(2% on 23000 now 1100 is remaining)

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