I have a scenario which needs to be posted to the G/L account withholding tax amount through Rebate agreement.
We have already configured the Rebate commission business process. Monthly we will pay the commission to the Agent.
Especially for India we need to calculate the Withholding tax amount on the commission paid to the Agent.
We can able to capture the Commission amount through the credit memo. But the tax amount on the commission --we are trying to post it through the agreement ( Partial or Final rebate settlement credit memo )
This amount needs to be posted through the agreement in Credit memo.
This value is posting through FB70 but this is manual entry and tax authorities are not accepting.
This has to be posted through the agreement.
I need your valuable inputs.. Kindlylet me know if you need some more information...