TDS Thresh Hold setups in Oracle Apps r12

TDS Thresh Hold setups in Oracle Apps r12

 

You can define TDS Threshold for a Vendor Type and TDS Section Code combination. You can define Thresholds for Single Invoice as well as Cumulative Invoice Thresholds. You can setup TDS Threshold Limits for a combination of:

·         Vendor Type

·         Section Type

 

If you wish to setup different Threshold Limits for certain Vendors, you can do the same by setting up “Exception Setup”. You can define as many “Exception Setups” as desired.

Using this setup screen you can define Thresholds for the Section Type ‘TDS Section’.

 

You can define following Threshold Types:

·         Single

·         Cumulative

Single Threshold applies to a certain transaction only. If this Threshold is setup with a monetary limit, TDS will be deducted every time the current Invoice Amount exceeds the Threshold Amount. Those Invoices, which are lower than the Threshold Amount, will be ignored for TDS Calculation.

 

Cumulative Threshold applies to aggregate of all Invoices for the Financial Year. If this Threshold is setup with a monetary limit, TDS will be deducted on all the Invoices after this monetary limit is reached. In case of the Invoice, due to which the Threshold Limit is reached, TDS will be calculated on all the earlier Invoices also (that were ignored TDS Calculation).

 

In case both TDS Thresholds are setup with a monetary limit, Single Invoice Threshold will operate only if the Cumulative Invoice Threshold is not reached. Once Cumulative Invoice Threshold is reached, Single Invoice Threshold will be ignored.

You have a flexibility to specify Effective Dates for each TDS Thresholds. These Effective Dates are validated / compared against the accounting date of the Invoice distributions and TDS Thresholds will operate only between these Effective Dates. Once an end date has been put a particular TDS Threshold, you can define a New TDS Threshold for that particular Threshold Type. Using this flexibility you can take care of the Threshold modifications happening from time to time without modifying any setup at the individual Vendor level.

 

 

TDS Thresh Hold setups in Oracle Apps r12