We have a scenario in our Transportation operation which is as below -
Total shipment cost for the transport is 2500 USD. Out of which about 100 USD is prepaid as Advance amount to the driver and the balance amount 2400 USD should be settled with the vendor only after Delivery..
For this scenario.. I wanted to checkout how this 100 USD (Advance Payment) transaction treated in OTM.. and TDS @ 1% should be calculated on this amount at the time of payment.
Please let me know if I am overlooking this feature in OTM..
- Thanks,
Suresh
Total shipment cost for the transport is 2500 USD. Out of which about 100 USD is prepaid as Advance amount to the driver and the balance amount 2400 USD should be settled with the vendor only after Delivery..
For this scenario.. I wanted to checkout how this 100 USD (Advance Payment) transaction treated in OTM.. and TDS @ 1% should be calculated on this amount at the time of payment.
Please let me know if I am overlooking this feature in OTM..
- Thanks,
Suresh
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