Applies to:
Any business organization having TDS Implemented. This is applicable from ECC 6.0. For more
information, visit the Enterprise Resource Planning homepage.
Summary
This article displays the process of TDS Update Bank Challan, Issue Certificate and Quarterly return.
1.Hand Book Objective
The following document is to show the Process sequences that was development for the FI EWT) sub-module.This document contains the standard Process of the SAP ECC 6.0.
2. TDS
Tax Deducted at Sourceis one of the modes of collecting Income-tax from the assesses inIndia. This is governed under Indian Income Tax Act, 1961, by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue managed byIndian Revenue Service (IRS),Ministry of Finance,Govt. of India.
2.1 Vendor Invoice with TDS
Module: | FI – Financial Accounting |
Area: | Extended Withholding Tax |
Description: | Create Vendor Invoice |
Navigate: | Accounting --> Financial Accounting --> Accounts Payable Document Entry FB60 – Invoice |
Direct access: | FB60 |
Configured by: |
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Date: | 18/10/2012 |
Prerequisite: Check vendor master should have maintained VAT Reg.No and Assigned EWT Type and code
Create Vendor invoice through FI Side, In case invoice comes from MIRO (MM side)use T.code J1INPP to update Business place
2.2 Creation & payment of TDS to Gov
When you have remitted the deducted TDS to the government, you are sent a challan confirming that payment has been received. The system allows you to record the number of the challan in the invoices from which the TDS had been deducted and paid.
Module: | FI – Financial Accounting |
Area: | Extended Withholding Tax |
Description: | - Create Remittance Challan |
Navigate: | Accounting --> Financial Accounting --> Accounts Payable Withholding Tax -->India --> Extended Withholding Tax --> Remittance of Withholding Tax --> J1INCHLN - Create Remittance Challan |
Direct access: | J1INCHLN |
Configured by: |
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Date: | 18/10/2012 |
Execute
SAVE
2.3 Enter Bank Challan
Module: | FI – Financial Accounting |
Area: | Extended Withholding Tax |
Description: | Enter Bank Challan |
Navigate: | Accounting --> Financial Accounting --> Accounts Payable --> Withholding Tax --> India --> Extended Withholding Tax-->Remittance of Withholding Tax -->J1INBANK - Enter Bank Challan |
Direct access: | J1INBANK |
Configured by: |
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Date: | 18/10/2012 |
2.4 Issue Certificates
Prerequisites
You have already remitted the TDS to the government and recorded the challan number in the transactions concerned (see Update of Challans). Only transactions with a challan number can be included in certificates.
The certificate printing program uses SAPscript form J_1ITDSCERT. If there are some changes in the certificate format this layout set can be changed accordingly.
If the certificates are to be divided by business area, with a unique number range per business area, you must have maintained the sections as a combination of section and business area, so for business area 0001 and section 194C, you could maintain the section as 194C0001, for example.
Module: | FI – Financial Accounting |
Area: | Extended Withholding Tax |
Description: | Certificates |
Navigate: | Accounting --> Financial Accounting --> Accounts Payable --> Withholding Tax -->India -->Extended Withholding Tax -->Certificates-->J1INCERT - Print |
Direct access: | J1INCER |
Configured by: |
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Date: | 18/10/2012 |
Execute
Execute
2.5 Quarterly TDS Returns
You use the Quarterly TDS Returns report to generate electronic TDS returns for payments other than salaries. You use the same report to generate the returns for residents and non-residents by choosing either Form 26Q or Form 27Q respectively. You prepare the returns on a quarterly basis.
Module: | FI – Financial Accounting |
Area: | Extended Withholding Tax |
Description: | Quarterly TDS Returns |
Navigate: | Accounting --> Financial Accounting --> Accounts Payable --> Withholding Tax --> India-->Extended Withholding Tax-->Reporting-->J1INQEFILE - Quarterly TDS Returns |
Direct access: | J1INQEFILE |
Configured by: |
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Date: | 18/10/2012 |
