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TDS computation on Supplier Invoices?

Arun Balasundaram
on 7/8/14, 9:01 AM 1,991 views

In India, while processing a Supplier Invoice whose value is greater than 20000, the Company should deduct a percentage of value (Defined for various categories of Service) from the invoice and pay the remaining amount to the Supplier.


Untaxed Amount: 100000

Service Tax 12.36%: 12360

Total Value (Payable): 112360

At the time of validating the invoice, the Company deducts the TDS

TDS 10% on Untaxed Amount: 10% of 100000 = 10000

Original Payable Amount: 112360

(Less) TDS Amount: 10000


Upon invoice validation, the following accounts should be affected.

Untaxed Amount -> Purchases Account

Tax Amount -> Tax Payable Account

TDS Amount -> TDS Payable Account

NET PAYABLE AMOUNT -> Accounts Payable Account (Sundry Creditors)

Is there a module available in Odoo to address this requirement?

Yasir Moozhiyan
On 3/13/18, 2:53 AM

Please refer this link. This may help you.

 Visit: http://www.technaureus.com/tds-withholding-tax-odoo/

Visit: https://www.odoo.com/apps/modules/11.0/tds_withholding_tax/ 

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Asked: 7/8/14, 9:01 AM
Seen: 1991 times
Last updated: 3/13/18, 2:53 AM