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Withholding Tax on Customer payment

Dear Experts,

We are trying to process the payment received from the customer after deducting Withholding Tax. How can we have such configuration in the BYD System?

Here the issue is that neither in Product and Service master nor in Customer accounts we don't have any option to add withholding tax.

Please suggest as to how it can be done?



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1 Answer

  • Best Answer
    Posted on Sep 20, 2018 at 01:54 AM

    Hi Pranav,

    Follow these steps as a workaround.

    1) Go to the Receivables work center.
    2) Click on Customers Accounts
    3) Show "All Customers" and click "Go"
    4) Select the Customer and Click "View"
    5) You will see all open Invoices
    6) In this screen, you will be able to see, "New Charge / Credit" button
    Click on that In Charge / Credit, select "Customer Credit" in "Line
    Items" Table, select "Taxes" as General Ledger Account in Net Amount "
    fill in the * amount" deducted by the Customer
    7) Click on "Post"
    8) Click on "Close"

    But if you have any legal documentation supporting your requirement, you can send it across and we can get this evaluated or if it's good to have then you can post it in the


    Lokesh Sharma

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