WITHHOLDING ENTRY

[Former Member]

Respected gurus,

i am the newly learned SAP FICO my sir given explanation on withholding tax... but he didn't showed me the entry on Withholding tax.

can please tell me how to post the withholding entry for vendor.. what are the input fields required for withholding tax entry on which screen.

Thanks in advance, please help me

satya

[kishore_babu15 · Accepted solution]

Hi satya,

Check the below link for config WT

http://www.sapficoconsultant.com/pdf/Extended%20Withholding%20tax%20configuration.pdf

Entries:

At the time of Invoice:

Cr - Vendor 85/-

Dr - Expenses 100/-

Cr - TDS Payable 15/-

At the time of TDS Payment:

Dr - TDS Payable Account 15/-

Cr - Bank Account 15/-

Hope it will clear.

Regards,

Kishore K

[Former Member]

Hi Satya123,

Check this link which is very useful.

It is very good document.

http://www.sdn.sap.com/irj/scn/index?rid=/library/uuid/60d84ea9-f323-2b10-21b2-c4c0448d7701&override...

Regards

SAP student

[Former Member]

Hi Satya

first you have to creat the withholding tax type than the withholding code assign gl to withholding code after that assign code to vendor master as per the requirement ,after that you will be able to ded. the TDS

Thanks

Amit Kumar