Reverse the TDS accounting entries
This query is : Resolved
06 May 2023
Dear Experts,
01. A company is getting the raw materials from their GST registered suppliers.
02.This company deducted the TDS u/s 194Q.
03. After the certain period, this company has raised the debit note due to some quality issues and returned back the entire lot of materials to the supplier.
04. The query is:
Whether this company needs to reverse the TDS accounting entries.(The TDS return not filed before this debit note date).
pl clarify
01. A company is getting the raw materials from their GST registered suppliers.
02.This company deducted the TDS u/s 194Q.
03. After the certain period, this company has raised the debit note due to some quality issues and returned back the entire lot of materials to the supplier.
04. The query is:
Whether this company needs to reverse the TDS accounting entries.(The TDS return not filed before this debit note date).
pl clarify
CA R SEETHARAMAN
(Expert)
06 May 2023
Yes, reverse TDS entry as TDS return not filed.
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