SAP Knowledge Base Article - Preview

3086364 - Support for new section 194Q - TDS on Purchase of Goods in SAP Invoice Management by OpenText

Symptom

The Indian Government introduced a new Tax Deducted at Source (TDS) Section 194Q as effectively starting from 1st July 2021 :

  • TDS is applicable on the purchase of goods
  • TDS to be deducted only on the extent purchase consideration exceeds 5.000.000 INR between seller and buyer
  • TDS rate is 0.1% if the Seller/Supplier has a provided Permanent Account Number (PAN)

VIM supports this legal change by a Correction Instruction (CI) having a minimum version of VIM 7.5 SP6 or VIM 16.3 SP1


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Environment

  • SAP Invoice Management by OpenText  7.5
  • SAP Invoice Management by OpenText  7.6
  • SAP Invoice Management by OpenText  16.3
  • SAP Invoice Management by OpenText  20.4

 

Product

SAP Invoice Management 16.3 by OpenText for SAP S/4HANA ; SAP Invoice Management 7.5 by OpenText for SAP S/4HANA

Keywords

TDS 194Q , KBA , XX-PART-OPT-INV , SAP Invoice Management by OpenText , Problem

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