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Former Member

WHT certificates from customers

Hi Experts,

Please help me to configure Withholding tax on customer payment and configuration to record withholding certificated from customer. The client requirment is as under -

TDS deducted by Customers:

A separate set of WT tax code & tax type shall have to be created for customers. Following accounting entry shall be generated at the time of receiving the payment:

Dr. Bank a/c

Dr. TDS deducted by customer a/c

Cr. Customer a/c

The system has to propose the TDS amount and the user can overwrite the amount, if required.

After receiving the TDS certificate from the customer, J1INCUST transaction shall be run and following accounting entry shall be generated:

Dr. Advance Tax Paid A/c

Cr. TDS deducted by customer a/c

Report has to be generated for viewing the pending certificates to be received from customers.

Please help me to know whether this can be done through from SAP.

Regards,

Kuldeep Dubey

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2 Answers

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    Former Member
    May 10, 2011 at 01:21 PM

    Hi,

    Please confirm if its for Customer or Vendor, bez TDS Is calcuated fo the amounts Paid. PLease Clarify

    Thanks

    Goutam

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    • Former Member

      hi

      This is for customer who are deducting TDS and paying to us after dedcution of TDS amount.

      Regards,

      Kuldeep Dubey

  • May 11, 2011 at 06:23 AM

    Dear:

    The same WHT tax codes that have been created for vendors can be assigned for customers as well. You can make use of them , go to SPRO....Financial Accounting (New) .....Financial Accounting Global Setting...Withholding tax...Extended WHT...Company code...Go inside it, you need to check the 'Customer' check box. This way you can make use of WHT tax codes already created for vendors data. Otherwise you have alternative to create WHT codes then go through the link given http://www.sapebooks.com/info/financial-accounting/withholding-tax-configuration-document/

    Regards

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