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Former Member

In MIR7 withholding tax should not consider in calculation from value in GL account tab

Dear Team,

There is a requirement wherein withholding tax should not be applied to amount in the GL account tab of the parked Invoice. It should be applied on the amount in the PO reference tab of the MIRO/ MIR7 screen.

Can you please let me know how the requirement can be fulfilled?

Regards,
Jayesh Patil

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1 Answer

  • Oct 15, 2015 at 08:42 AM

    Hi Jayesh,

    Withholding tax will calculate based on amount which is supposed to post i.e.MIRO at header level. This amount we have to input manually, based on this system will calculate the TDS. So in your case you want to calculate the TDS only PO net amount, then you have to manually provide the w.h.tax base amount.

    Regards,

    Mukthar

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    • Hi Jayesh,

      I already explained the TDS will calculate based on vendor net amount posting, if the amount includes the PO value + GL amount, then the w.h.tax base amount is also has the same amount. If it includes only PO value, then it will be PO value.

      Regards,

      Mukthar