| # TDS for invoice surplus Tax is deducted at source either on the payment for the service received or on receiving the invoice, which ever occurs earlier. When an advance is paid to the business partner (service provider), the amount also includes a percentage of TDS amount. After receiving the invoice from business partner, the invoice amount must be paid to the business partner only after deducting the TDS amount on invoice, and the TDS amount on advance, if any. The TDS amount must be paid to tax authorities. Infor ERP LN post the TDS advance amounts after they are adjusted or nullified with the net invoice amount (the amount after deducting the advance). |