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
06 May 2023
Yes, reverse TDS entry as TDS return not filed.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- Pan Card apply for Self help group
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
