on 10-01-2010 4:46 AM
Dear Friends,
The users have a very peculiar requirement for Withholding Tax deduction, in the sense that at the time of recording the AP Invoice, the Withholding Tax is required to be recognized but the same is to be deducted only at the time of making the payment. Could any one help as to how can we configure the same in the system.
Thanks for the help.
Regards,
Friend,
Here is some confusion, at the time of invoice, recongnize the rax means?? it should post WTAX line item at the time of Invoice?
If you want to post at the time of payment only, means, then remove the Invoice Wtax code at the time of invoice and keep the payment Wtax code at the time of invoice.
Post the payment chek the line item will generate.
try this.
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As per Income Tax Laws, TDS to be deducted at the time of payment or booking of invoice whichever is earlier. Hence this is against the income tax laws.
Regards
Ajay Gogate
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Hi raj
I dont think you can ever do this in SAP...
Even Law says TDS has to be deducted at invoice or payment whichever is earlier
Regards
Ajay M
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Hi Kishore,
I don't think this will help. However, in the config settings I see there is a different maintenance for 'Extended Withholding Tax'. How is it different from the normal 'Withholding Tax'?
As regards the issue of recognizing the WT but not posting at the Invoice Document level, I think I have found the solution, under calculation and Withholding Tax type, we can define Withholding Tax type for Invoice Postings and for Payment Postings. This should work.
Thanks for the help from freinds.
Regards
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