How to setup lower rates TDS for vendors in ERP Sage 300c

By | December 31, 2021

Tax deducted at Source is an add-on for Sage 300c ERP enabling organizations to maintain complex requirements on Tax Deducted at Source and generates reports and forms required by the Central Government.

New Stuff : Error: DLL AccpacGD1003ENG.dll specified in section [GD1003] is not valid

Section 197 of the Income Tax Act, 1961 provides for the facility of NIL deduction of tax at source or at a deduction at a Lower rate of tax.

Lower tax rates save the vendors from the effect of higher TDS deduction and vendors can get higher payments from their customers as TDS amount will be on a lower side.

In this module rates are basically set from Nature of deduction screen. Here, User can set Lower Rates for the Vendors accordingly.

This Nature of deduction can be assigned to the vendors as per the Rates assigned for their TDS calculation.

A. Nature of Deduction :

DT Nature Of Deduction


Create a new NOD from the Nature of Deduction screen by assigning a code and entering its description. Select required TDS section for the NOD and set amount range and assign lower TDS rates as required.
User can specify the reason for Lower Rates in the comment box ‘Reason for lower rate’ and save the details.

B. Party Details screen to assign vendors :

DT Party Details


Select Vendor No which is to be considered for the Party Detail to assign TDS Rates. Select required Nature Of Deduction for the selected Vendor. Assign proper State Code, Branch Code and PAN No. for Vendor as per Company/Non-Company and save the details.

Thereby we can see how to set lower rates TDS and assign it accordingly to the particular Party Detail Vendor for its effect to take place. In this way user can create No of NOD with different Lower rates and assign it accordingly to multiple Party Vendors as required.

About Us

Greytrix – a globally recognized and one of the oldest Sage Development Partner is a one-stop solution provider for Sage ERP and Sage CRM organizational needs. Being acknowledged and rewarded for multi-man years of experience, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third party add-on development and implementation competence.

Greytrix offers unique GUMU™ integrated solutions of  Sage 300 with Sage CRM, Salesforce.com (listed on Salesforce Appexchange), Dynamics 365 CRM and Magento eCommerce along with Sage 300 Migration from Sage 50 US, Sage 50 CA, Sage PRO, QuickBooks, Sage Business Vision and Sage Business Works. We also offer best-in-class Sage 300 customization and development services and integration services for applications such as POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage 300 ERP and for Sage 300c development services we offer, upgrades of older codes and screens to new web screens, latest integrations using sData and web services  to Sage business partners, end users and Sage PSG worldwide.

Greytrix offers 20+ addons for Sage 300 to enhance productivity such as GreyMatrixDocument AttachmentDocument NumberingAuto-Bank ReconciliationPurchase Approval SystemThree way PO matchingBill of Lading and VAT for Middle East. The GUMU™ integration for Dynamics 365 CRM – Sage ERP is listed on Microsoft Appsource with easy implementation package.

The GUMU™ Cloud framework by Greytrix forms the backbone of cloud integrations that are managed in real-time for processing and execution of application programs at the click of a button.

For more details on Sage 300 and Sage 300c Services, please contact us at accpac@greytrix.com, We will like to hear from you.