Wrong entry: cst instead of tds.

This query is : Resolved

Pralay Chakraborty (Querist)
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11 November 2014 Dear experts & my friends,
Am little bit confused as an entry we had passed recently in SAP is:-

Exp a/c ---- Dr.
TDS a/c ---- Dr. (It shud'v been CST a/c)
To, Vendor a/c
The problem is the TDS a/c wrongly operated instead of CST, & Net of this TDS amount had already been paid. Means overall TDS has short paid.

Now in SAP I can not simply operate FBRA to cancel the TDS voucher which has cleared with Bank GL, bcz the amount is an accumulated amount consists of entire amount of the month across the all team, cancellation will result all TDS amt operated for the month in open item.

In a fix what to do..???

Amol S Joglekar

Amol S Joglekar (Expert)
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11 November 2014 Go by MATERIALITY concept. If it is immaterial, ignore. If the amount is material, accept the mistake and rectify the every thing.

Pralay Chakraborty

Pralay Chakraborty (Querist)
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11 November 2014 Dear Amol,
Rectify everything..??? The TDS payment is linked to TDS of other teams also. That is my problem. & payment already made. How to rectify it?? any other solution?

Amol S Joglekar

Amol S Joglekar (Expert)
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11 November 2014 Is the amount MATERIAL?

Pralay Chakraborty

Pralay Chakraborty (Querist)
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15 November 2014 Yes Amol, It is material.

Amol S Joglekar

Amol S Joglekar (Expert)
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17 November 2014 Rectify it. No matter how long it takes.

Pralay Chakraborty

Pralay Chakraborty (Querist)
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24 November 2014 Yeah am ready to rectify it, but in a fix how to do it. shall I pass another entry & then knock off or something else??? how it will reflect in 26Q, that is also knocking my mind!!
Please advise.

Amol S Joglekar

Amol S Joglekar (Expert)
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24 November 2014 26Q. Is it generated through your SAP? If yes, you need to contact tech help expert of SAP.

Pralay Chakraborty

Pralay Chakraborty (Querist)
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24 November 2014 No no.. it not generated through SAP. but I am thinking how my reversal entry could affect TDS return..
Anyway, i need to fix the issue first then will think of its effect in other areas.
Advise is welcome

Amol S Joglekar

Amol S Joglekar (Expert)
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24 November 2014 The you can file the TDS return which is independent of your rectification in SYSTEM. What is required to be produced at the time of hearing of TDS case are the details and NOT the enries in SAP.The details can be prepared in say EXCEL, word whichever is convenient to you.

Pralay Chakraborty

Pralay Chakraborty (Querist)
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25 November 2014 As TDS a/c was debited initially The same amount is also got less paid while we paid the TDS liab of the last month. If subsequent payment arises,it will attract interest.
That's why I am thinking to pay before the return by once again crediting the TDS a/c.
Guide me Amol if I wrong..

Others views are also welcome!!!

Amol S Joglekar

Amol S Joglekar (Expert)
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25 November 2014 That is ok. (But you said TDS payment is linked to TDS of other team. How are you going to close your eyes on that?)

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