Tds
This query is : Resolved
26 November 2020
i received one freight bill on that tds is rs 158 , later on we receive credit note for freight bill tds is rs 5/- on that , what is the net payable tds , according to me it is 153/-. please confirm. Bill date for both the invoices is november 2020
And how to book these transaction in genius software means invoice as well as credit note , please clarify.
And how to book these transaction in genius software means invoice as well as credit note , please clarify.
27 November 2020
Please account as follows
Bill
Freight Debit
TDS credit
Vendor Credit ( net)
Credit note
Vendor Debit
TDS debit ( Since invoice and Credit note on the same day and if it is different month this is not possible)
Freight Credit
Bill
Freight Debit
TDS credit
Vendor Credit ( net)
Credit note
Vendor Debit
TDS debit ( Since invoice and Credit note on the same day and if it is different month this is not possible)
Freight Credit
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