on 11-18-2016 4:10 PM
Hello Experts,
Business has a requirement to calculate with held GST amount on GST taxable amount like 10% GST withheld on 16% GST, please find the example below;
Entry
GR/IR Stock Dr 1000
GST Amount Dr 160
Vendor Cr 1144
With Held GST Cr 16
Taxable amount = 1000
16% GST = 160
10% GST Withheld = 16
Anyone can help me on this.
Regards,
Rash Bharmal
Hi,
You can create two condition types - one for GST (ZGS1) and one for GST (ZGS2) withheld.
In the condition record, maintain ZGS1 with positive sign (16%) and ZGS2 with negative sign (1.6%).
Regards
Abhi
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Hi Rashida,
You can achieve the same by creating an Input Tax Code of 16% in FTXP and creating a WHT type (based on Income Tax) on Invoice Posting.
Then create a WHT code of 10% and assign the GLs against them. Assign the Type and Code in the vendor Master in FK01 and then perform the MIRO/FB60. This will give you the desired results.
Regards,
Amar Lal Lohano
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