TDS On Debit Note

This query is : Resolved

Mukesh Katara (Querist)
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18 October 2008 How to calculate TDS on Purchase debit note in Navision.

Scenario is as follows;

Suppose a vendor who had supplied some service( e.g. job work on Raw Matl),

the

bil was Rs 100. TDS on Rs 100e.g Rs 2. So net payable amount to vendor is Rs

98.

After some time it was relaised the need to issue a debit note to the

supplierbecause of faulty job work.The debit note was of Rs.50 and TDS on this

Rs 1.

So the net amount payable to vendor is Rs 49 {100-2-(50-1)}.

So,TDS is not calculated on Purchase debit note.

Thanks & Regards.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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20 October 2008 The TDS is applicable only on actual labour charges after allowing the deductions for rejection.

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