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author's profile photo Former Member
Former Member

Withholding tax on down payment.

Hi,

I have read all the threads related to this query of mine but its still not getting resolved. The configuration is correct, tax types, tax codes, central invoicing etc. but i dont know what is the issue. TDS on invoice posting is coming correct. In F-48 when i click onto witholding tax button it shows the WHT window but doesnt calculate tax. Please suggest what could i be missing here.

Thanks,

Kamal

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4 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Apr 24, 2011 at 05:58 AM

    Dear Kamal,

    There are two possible WHT settings in system, first is applicble on Invoice and the other is applicable on payment. Can you check the configuration as under:

    SPRO>Financial Accounting (New)>Financial Accounting Global Settings>Withholding Tax>Extended Withholding Tax>Calculation>Withholding Tax Type-->Define withholding tax type for Invoice and Defind withholding tax type for payment postings.

    It appears that your configuration for withholding tax type is related to invoice and therefore working fine but not working for payment. This is how system is expected to work.

    Hope this helps!!!

    regards,

    Murlidhar Khatri

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 25, 2011 at 10:16 AM

    Hi,

    Please refer the link

    With Holding tax On Down Payment not picking

    Regards,

    Pramitha.

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  • Posted on Apr 25, 2011 at 10:39 AM

    Hi,

    Have u checked Withholding tax code where you need to maintain posting indicator as "1" for WHT for payment posting.

    Kind Regards,

    Mehul

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    • Former Member Former Member

      Hi all,

      Thanks for the inputs but i have checked all the settings and everything is correct, field status, posting keys etc. When i am making a down payment in f-48, system is giving me the withholding tax window where there is the list of TDS created by me but when i am selecting a tax code in that window and simulating it the system doesnt calculate tax. Is there any configueration other than what we hv done?

      thansk in advance

      kamal

  • author's profile photo Former Member
    Former Member
    Posted on Apr 26, 2011 at 12:49 PM

    Hello Kamal,

    Please check the Field status Group for the Downpayment Account G/L.

    In this Field status group the, check for the Taxes field, Withholding tax code & WHT amount should not be supressed.

    In the vendor master, "Liable" fiield must be ticked in the WHT info of vendor.

    Hope it helps...

    Edited by: sapwnr on Apr 26, 2011 6:20 PM

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