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Queries On Vendor Master

What is the use and functionality of the ‘PAN No.’ field in Vendor Master?

Bhagyalakshmi
Sep 19, 20221 min read 13

The Vendor’s PAN No. is used by the system to calculate the auto TDS at the time of Add Invoice. Vendor’s PAN No. is auto-linked by the system with the applicable TDS rate and category mentioned in TDS Master based on PAN No. format of a vendor.

What is the use and functionality of the ‘GSTIN’ field in Vendor Master

Bhagyalakshmi
Sep 19, 20221 min read 9

The Vendor’s GSTIN is used by the system to calculate the CGST, SGST, IGST, or UGST. If the location of vendor and client is in the same state (Intra-state) then CGST and SGST will be calculated and if the location of both is in different state (Inter-state) then IGST will be charged raising PO and Direct Invoice.