DEBIT NOTE

Srinivas,  As I think,  if you want to raise debit note with full amount then you should not deducted TDS. Or if you  want to raise debit note  with partly amount then you should deducted TDS only on Partly Amount.

Thanks Vivek,

See what happened i have to paid to tranporter on behalf of Our Customer so, while paying to transporter i had to deduct TDS as the liability with the payer, so now the porblem is that i had to raise the debit note with full amount or after TDS deducting amount , as TDS amount is refundable to the transporter. Please advice me.

srinivas

Thanks Vivek,

See what happened i have to paid to tranporter on behalf of Our Customer so, while paying to transporter i had to deduct TDS as the liability with the payer, so now the porblem is that i had to raise the debit note with full amount or after TDS deducting amount , as TDS amount is refundable to the transporter. Please advice me.

srinivas

Debit note/ Credit Notes are using for additional amount which are debiting/crediting in party's account.

In your case Why are you raising D/Note as you have Paid complete bill to Transporter. TDS is the part of bill, no need to raise D/Note for TDS. You can inform through covering letter of payment. 

Yes if there are any other deduction like shortage of material, Bank Charges or any other panelty which was raised on a/c of transporter, you should raise debit note from the amount debited in his a/c.

>> Rajesh

Dear Srinivas

As per your query please raise Debit Note from the amount you paid to transporter it is your customers responsibility to deposit TDS.

Entry make like this

Customer A/c   DR.  (Amount paid to Transporter after deductiing TDS ( d/n amount)

     To Bank

Your customer have done follwing entry in his books

Transporter A/c   Dr.  (From Bill amount

           To  Your Account (from D/N Amount)

           To TDS A/c

>> Rajesh

thanks rajesh

hi,

i have booked courier invoice by Rs.118000/- & deduct the tds & deposited.now i have raised debit note for rs.15125/- pls.suggest how to treat this entry. as tds already deposited then what will be tds effect b'coz i cannot deduct tds on dn amt..

please send me the format of debit note for service tax on my mail malkeetvsh @ gmail.com

Malkeet Singh

Thanks in advance

If we have recevied the bill and entered after deducting tds and further the credit note if received from the party than should we reverse the TDS for credit note