TDS Threshold Limit

@10%

Hi,

If we set the TDS threshold exemption setup in oracle like upto INR 100000/- (cumulitive total) TDS will be at exceptional rate of 3% & after crossing INR 100000/- threshold, TDS will be at standard rate @10%.

Now we want to understand how the system will calculate TDS in following scenario's:-

1- If invoice is booked for INR 100000/- ( consider this invoice as ERS invoice i.e. PO/receipt match invoice)

2- Later there is partial RTV( return to vendor) for INR 20000/- & RTV debit memo generated.

3- Again we booked invoice for INR 30000/- ( ERS invoice matched with po/receipt)

4- There is separate/ manual credit memo for penalty booked for INR 10000/-