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8Hi All,
In scenario, a vendor has submitted a Lower Deduction Certificate (With a specified turnover threshold), after which TDS should be deducted at the lower rate.
I have configured the certificate and threshold as follows:
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Tax > Indirect taxes > Withholding tax > Withholding tax codes > Threshold references > Threshold designer > Concession certificate > Turnover threshold
Despite configuring the turnover threshold, when i test a scenario, the system does not calculate TDS based on the defined threshold.
It appears that the turnover threshold value is being ignored.
Please help me understand:
- Is there any additional configuration required for the Turnover threshold to work?
- Does the threshold work only under specific conditions or posting scenarios?
- Am I misunderstanding the intended functionality or configuring it incorrectly?
Any guidance or insights would be greatly appreciated.
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