Hi Friends, I have one query, would be grateful if any can tell me the sett

Hi Friends,

I have one query, would be grateful if any can tell me the
setting for the same. We have given an advance to vendor
and deduct the tds on that. Thereafter when the bill comes
in then ideally we should deduct the tds on remaining
amount (Invoice amount – advance paid) because we have
already deduct the tds on advance payment to vendor. I
want to know the setting for that. Kindly explain in
details.

Regards

Question Posted / anilsantraj

2 Answers
5989 Views
IBM, SAP Labs, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Hi Friends, I have one query, would be grateful if any can tell me the setting for the same. W..

Answer / sateesh kumar t

You need to select the option "Central Invoice
Proportionately" in transaction "Define With Holding Tax
type for Payment Posting". then only it will consider the
tds received while advance.

Is This Answer Correct ?

7 Yes

1 No

Hi Friends, I have one query, would be grateful if any can tell me the setting for the same. W..

Answer / sudheer

Hi Boss,

Standard SAP configuration is there. I will give one exaple
for your clear understanding.

Let assume, you given Rs.20,000 advance given to vendor and
you deducted tds asssume 10%(2000). when bill comes in
about Rs.50,000, first you need to adjust the advance
amount (special transaction) to normal items. Once you
finish this step. you need to pay rest of rs.30000. At the
time invoice you can deduct tds for this perticular amont
through the selection of tax codes.

Is This Answer Correct ?

5 Yes

1 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

How do you configure credit card payment processes

1 Answers

Explain the two ways used to create asset masters? : fi- asset accounting

0 Answers

what is functional area?

3 Answers

How do you control Document line item fields?

6 Answers

if customer is a vendor in this scenario how u customize ?

5 Answers Wipro,

which level create company code in state level and country level and briefly explain company and company code process suppose example reliance jio is the company code is it create reliance jio in 29 states 29 company code plz explain

3 Answers Genpact,

if i passed GL entry through FB50 the error is came (aact: 301 there is no item category assigned) how can i assigned.

2 Answers

May i know the difference between Direct capitalisation and AUC capitalisation in Fixed Assets

2 Answers Genpact,

how to send dunning ntife by email to customer?

0 Answers CTS, SAP Labs,

What are the problems faced when a business area is configured?

0 Answers

What is meant by payment advice, in terms of automatic payment program? Is the payment advice sent to the vendor or the bank. If any of guys can give me brief description as to what is the signifance of payemnt advice in APP, It would be of great help

4 Answers

Disadvantages of Distribution in Controlling

3 Answers Accenture, IBM,

For more SAP FI-CO (Financial Accounting & Controlling) Interview Questions Click Here