ewt

[Former Member]

Hi,

What is EWT?

Please let me know the congiguration.

Regards

[Former Member · Accepted solution]

Hi,

EWT is nothing but extended withholding tax n for configuration u can search in wiki. Its in ERP Financials->Financial Accounting->AP&AR->EWT-IN

[Former Member]

thank you

[Former Member]

Classic Withholding Tax:

The first version of Tax Deducted at Source (TDS) functionalaity called as Classic Withholding Tax.

We can assign only one tax code in Vendor Master and the same can be shown at the time of Invoice Entry (FB60) and MIRO (PO Invoice) for Service Entry.

TDS postings can be run through separate transaction after Invoice Posting.

Extended Withholding Tax :

The latest version of Tax Deducted at Source (TDS) - Multiple Tax Codes can be created and the same has to be assigned in Vendor Master like 194I Rent, 194J Professional, 194C Contract etc.,

It shows at the time of Invoice or MIRO entry so the user can change at transaction level for the relevant tax codes. TDS calculations can be viewed before document posting.

Rest all other information given by our Forum Members are correct.

[Former Member]

Hi

EWT -

---

> Extended Withholding Tax

Configuration as follows.

1.define withholding tax type for invoice posting

IMG----->financial accounting

---

>financial accounting global settings

---

>withholding tax---->

Extended withholding tax--

---

>calculation

---

>withholding tax type--

---

>define withholding tax

type for invoice posting

2.define withholding tax type for advance posting

IMG----->financial accounting

---

>financial accounting global settings

---

>withholding tax---->

Extended withholding tax--

---

>calculation

---

>withholding tax type--

---

>define withholding tax

type for payment posting

3.define withholding tax codes

IMG----->financial accounting

---

>financial accounting global settings

---

>withholding tax---->

Extended withholding tax--

---

>calculation

---

>withholding tax codes--

---

>define withholding tax

codes

4.define formulas for calculating withholding tax

IMG----->financial accounting

---

>financial accounting global settings

---

>withholding tax---->

Extended withholding tax--

---

>calculation

---

>withholding tax codes--

---

>define formulas for calculating withholding tax

5.Assign Withholding tax type to company code

IMG--

---

>Financial accounting--->financial accounting global settings

---

>withholding tax----->

extended withholding tax--

---

>company code--

---

>assign Withholding tax type to company code

6.activate extended withholding tax

IMG--

---

>Financial accounting--->financial accounting global settings

---

>withholding tax----->

extended withholding tax--

---

>company code--

---

>activate extended withholding tax

7.assignment of accounts for automatic posting-----OBWW

IMG---->financial accounting--->financial accounting global settings

---

>withholding tax--->extended withholding tax

---

>postings

---

>accounts for withholding tax--

---

>define accounts for withholding tax to be paid over

8.maintain company code settings for india

IMG----->logistics-general--->tax on goods movements

---

>India

---

>basic settings--

---

> maintain company code settings for india.

9.assign tax codes in vendor master----

---

XK02

Regards

Venkat

[Former Member]

Withholding Tax is a form of tax that is withheld from the payment admissible to vendors. Vendors are paid the net amount after deducting the tax (withholding tax) at the prescribed percentage. Extended Withholding Tax is an improvement of withholding tax functionality in SAP with additional features.