srinivas (service) (71 Points)
11 May 2009I want to issue Debit Note to the xyz , so what amount i have to debit in debit note say, i had paid to Transporter after deducting TDS amount equals to Rs.95000.00
So in debit note i have to charge full amount of transporter or after deducting TDS amount i have to shown in debit note.
Srinivas
Vivek
(Guest)
(54 Points)
Replied 12 May 2009
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.
srinivas
(service)
(71 Points)
Replied 12 May 2009
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
srinivas
(service)
(71 Points)
Replied 12 May 2009
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
| Originally posted by :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 |
" |
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
Deepak
(Account Executive)
(22 Points)
Replied 21 January 2011
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..
Malkeet Singh
(Article)
(21 Points)
Replied 28 February 2011
please send me the format of debit note for service tax on my mail malkeetvsh @ gmail.com
Malkeet Singh
Geeta Chopra
(Accoutant)
(21 Points)
Replied 13 July 2012
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
CAclubindia
