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author's profile photo Former Member
Former Member

Calculating WT on Payments and Invoces as well

Hi all,

I have configured EWT Codes and Tax Types for Tax, Surchatrge and Ed.Cess for Payment and invoice separately.

Tax Type ->Tax Code ->Rate-> Tax Base-> Description

I1 -> I1 -> 2 ->Invoice Amount ->WT Cont Inv

I2-> I2-> 10-> Tax-> Surcharge on WT for Contractors Inv

I3-> I3-> 2-> Tax + Surcharge ->Ed Cess on WT for Contractors Inv

P1-> P1-> 2-> Invoice Amount-> WT for Contractors Pmt

P2-> P2-> 10-> Tax-> Surcharge on WT for Contractors Pmt

P3-> P3-> 2 ->Tax + Surcharge-> Ed Cess on WT for Contractors Pmt

I have populated the whole in the vendor master. when posting an invoice I am able to get the Tax calculated based on invoice type codes, and when I am processing automatic pmt program, Tax is again calculated as above

Can any one guide , why this is occuring?

Regards,

Srinivas

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2 Answers

  • author's profile photo Former Member
    Former Member
    Posted on May 15, 2006 at 10:20 AM

    Hi

    check whether u have assigned both withholding tax type (payment and invoice)to the vendor. Say I1 is your invoice withholding tax type and P1 is your payment withholding tax type. So, do not assign both I1 and P1 at the same to Vendor master.

    Avinash

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    • Former Member Former Member

      Hi

      i am not saying that we have to create different vendor master record for different withholding tax codes.

      We can not populate both payment and invoice in the same vendor master. Then, it will calculate withholding tax twice.

      Avinash

  • author's profile photo Former Member
    Former Member
    Posted on May 16, 2006 at 02:05 AM

    Hi all,

    I have posted this issue. Can any one including Mr. Avinash Humbrey can respond? The matter is most urgent. As per the advise of Mr. Avinash withholding tax types for Invoice and Payments are not to be populated in the same vendor master. Then, how the payment EWT can be arrived at? How to generate entries for that?

    Pls clarify

    Srinivas Mannava

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    • Former Member Former Member

      Hi,

      Vendor master (any master reocord) is not changed frequently, so you have to assign tax types Invoice & Payment to vendor. Moreover, if you assign / change a new code, you will have to execute a program (else system willnot allow payment / clearing etc of earlier documents). So based on this, system deducts TDS. When you are posting an invoice, go to Tab - Withholding Tax and remove (delete) not required W/H tax types & codes (in this case Payment related Tax codes & tax types). Now for this document, system will deduct TDS only on invoice and not again when you make payment. Hope this sufficies.

      Best Wishes.

      Vijaya

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