India Localization - TDS Withholding for the year end expense provisions

JDE 9.2

As per the Indian Tax laws, TDS has to be deducted at the time of making the provision for Expenses during financial year end even though the invoice has not been received.

In JDE TDS is calculated automatically at the time of entering the vendor invoice details along with the Tax authority as payee.

During year end even though the invoice has not been received if we enter a stand alone invoice in AP module the vendor liability would be booked, TDS credited and the expense debited ...for eg:

Expense A/c....DR 1000

TDS Payable account....Cr 100

Vendor payable a/c......Cr 900