Teliolabs Interview Questions and Answers

Payment entry with TDS & GST impact includes deduction of TDS and addition of GST in the payment amount.

• TDS is deducted from the payment amount as per the applicable rate

• GST is added to the payment amount as per the applicable rate

• The net payment amount after deducting TDS and adding GST is recorded in the payment entry

• The TDS and GST amounts are separately recorded in the books of accounts

The transaction code for vendor display is XK03.

• Transaction code XK03 is used to display vendor master data.

• It can be used to view vendor details such as address, payment terms, and bank information.

• XK03 can also be used to make changes to vendor master data.

• Other related transaction codes include XK04 for vendor changes and XK05 for vendor block/unblock.

TDS and GST have different due dates depending on the type of taxpayer and the frequency of filing.

• TDS due dates vary based on the type of payment and the category of taxpayer.

• For example, TDS on salary payments is due on the 7th of the following month, while TDS on rent payments is due on the 30th of the following month.

• GST due dates depend on the turnover of the taxpayer and the frequency of filing.

• For example, taxpayers with a turnover of less than 1.5 crores can file GST ...read more

To make a payment in SAP, follow these steps:

• Create a vendor invoice

• Enter payment details

• Post the payment

• Verify payment status

GRIR open items refer to Goods Receipt Invoice Receipt open items in accounts payable.

• GRIR open items are created when there is a discrepancy between the goods receipt and the invoice receipt.

• These open items are usually resolved by matching the goods receipt and invoice receipt and making necessary adjustments.

• If the open items are not resolved in a timely manner, it can lead to inaccurate financial reporting.

• Examples of GRIR open items include overpayments, underpayments, a...read more