TDS SHOULD BE DEDUCTED ONLY ON BASE AMOUNT EXCLUSIVE OF SERVICE TAX
(Doc ID 1499387.1)
Last updated on MARCH 08, 2017
Applies to:Oracle Financials for India - Version 12.1.2 to 12.1.3 [Release 12.1]
Information in this document applies to any platform.
TDS should be deducted only on rent amount exclusive of service tax. However system deducts TDS on the entire payment(considering the Service tax).
Issue is for Fist time For the Invoices which are Threshold Breached, for those Invoice TDS Is Calculating on Service Taxes also.
Service tax should get considered for TDS only when lookup code "JAI_TDS_SECTION_SERVICE"
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