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Withholding tax for Invoice posting

Former Member
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My client has WHT set up for payments in Mexico but they also want to set that up for Invoice posting, should I create new Tax type and code for that? And also to which accounts I need to define that type & code?

I am confused. Please help.

Thanks,

ST

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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And also I need to know do I need to assign different GL account for invoice posting?

Thanks

ST

vivek_srivastava12
Active Contributor
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No required...you can assign TDS payable GL Account for both Invoice and Payment

br,Vivek

Former Member
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ok, Thank you. But I  should ask the client right that which gl account should I assign, right?

I really appreciate all of your help.

ST

vivek_srivastava12
Active Contributor
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yes, you should ask your client to see if they use different GL Account for Payment and Invoice TDS.

Br,Vivek

If your question is answered then you can mark this thread as closed.

Answers (3)

Answers (3)

Former Member
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Hi All,

Thank you for all of your help throughout that question.

Now I have another issue. I have assigned the tax type and code to customer and also ticked WHT check box. But when I am posting through Fb70 it is not showing the WHT info.

Any idea why it's happening? Am I missing any steps?

Please help.

vivek_srivastava12
Active Contributor
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Hi,

Can you put screenshot of the Customer-->Withholding Tax Tab and FB70 withholding tax tab.

Br,Vivek

Former Member
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Hi Vivek,

Thanks for your reply.

Now I can see the WHT information while entering the invoice. But another issue is I set up the WHT for Invoice Posting for USA. It is calculating WHT but not  tax on sales/purchase.

Any idea?

Thanks

Former Member
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Solved! Thanks for all of your reply and support.

Former Member
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You need to create separate tax code for invoice posting.

This makes the difference and you need to Define Accounts for Withholding Tax.

Thanks,

Kumar

Former Member
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Hi Kumar,

Where is that screen shot, which t-code?

Thanks

vivek_srivastava12
Active Contributor
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It is OBC7...

Br,Vivek

former_member193513
Contributor
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Hi S T

Withholding tax can be at two types

* Withholding tax at the time of invoice posting

* Withholding tax at the time of payment

As you have withholding tax at the time of payment, if you want WHT at the time of invoice also, then you have to create type and codes under that

Kindly let us know if you need any help further

Thanks

Prasad

Former Member
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Thank you. So, when I create types and code under invoice posting, that should be different than the types and codes already in payment posting?

Because when I try to create same type & code in invoice posting it's pop up that the same is in payment posting. If I enter and save, it deletes the others form payment posting and create that in invoice posting.

And also for the new types &  codes do I need to assign same GL account or different?

Please help.

Thanks

ST