TDS effect in Debit note
This query is : Resolved
31 May 2023
Hi,
I have received invoice from vendor in Mar-23 amounting to 53,100/-
Taxable : 45,000/-
IGST : 8,100/-
Total : 53,100/-
We have deducted the TDS @10% amounting to 4,500/-, and now TDS return also has been filed.
But we haven't initiated remaining payment after deduction of TDS.
For some issues in service we want to raise debit note for entire invoice, so what will be the effect of TDS in Debit note.
Should we revised the TDS return or collect TDS amount from vendor ?
I have received invoice from vendor in Mar-23 amounting to 53,100/-
Taxable : 45,000/-
IGST : 8,100/-
Total : 53,100/-
We have deducted the TDS @10% amounting to 4,500/-, and now TDS return also has been filed.
But we haven't initiated remaining payment after deduction of TDS.
For some issues in service we want to raise debit note for entire invoice, so what will be the effect of TDS in Debit note.
Should we revised the TDS return or collect TDS amount from vendor ?
31 May 2023
If Vendor is ready to Pay TDS Amount to You there is No Need to Revise TDS Return. But if Vendor Doesnot Agree for refund of TDS Then only way left is to revise Return & use that Challan Towards any other TDS Payment. You can use Challan Paid For A.Y 23-24 in TDS Return of A.Y 24-25
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