Hi Ap team
Please process based on above scenario
Further dont put LDC to any invoice LDC is Not Applicable
Many rejection is happing because of this issue
and GL code should be Accrual
First 3 scenarios - both expense and TDS provision has to be made in books within 31 March; and when invoice is received, it has to be accounted towards the provisions made.
Subject to above, the scenarios below are fine.
| Scenario 1 | ||
| Particulars | Date | Outcome |
| TDS provision is created against the expenses | 31-03-2021 | TDS with Reduced rate |
| Invoice date on or before | 31-03-2021 | |
| Invoice received on or before but processed in Apr'21 | 31-03-2021 | |
| Scenario 2 | ||
| Particulars | Date | Outcome |
| TDS provision is created against the expenses | 31-03-2021 | TDS with Reduced rate |
| Invoice date on or before | 31-03-2021 | |
| Invoice received on or after | 01-04-2021 | |
| Scenario 3 | ||
| Particulars | Date | Outcome |
| TDS provision is created against the expenses | 31-03-2021 | TDS with Reduced rate |
| Invoice date on or after | 01-04-2021 | |
| Invoice received on or after | 01-04-2021 | |
| Scenario 4 | ||
| Particulars | Date | Outcome |
| TDS provision is not created against the expenses | NA | Normal rate |
| Invoice date on or before | 31-03-2021 | |
| Invoice received on or after | 01-04-2021 | |
| Scenario 5 | ||
| Particulars | Date | Outcome |
| TDS provision is not created against the expenses | NA | Normal rate |
| Invoice date on or after | 01-04-2021 | |
| Invoice received on or after |