TDS reversal introduced
In case an additional TDS amount gets deducted, Ginesys users need to initiate a reversal. Earlier, the reversal had to be done manually using Debit or Credit journal. This process not only involved additional effort, but also could lead to manual errors, several follow ups with the service vendors and the like.
Now, a new form has been introduced for the TDS Reversal process. As soon as the user enters the requisite details, the TDS Reversal amount gets auto-adjusted and, accordingly, the debit and credit amounts get auto-reflected. With this new feature, the scope of errors involved has been reduced, along with the time and effort required for the same.