Plz send extended wht

Question

plz tell extended wht configration
Urgent,
mee krishna

Answer 1

Hi,
WHT has 2 types – a. Accrual basis  b. Payment Basis
Path: IMG – FA-Fin GS – WHT-Extended WHT
1.     Basic Settings
a.     Check WHT countries: Check ur country
b.     Calculation
i.     Withholding tax type – Define WHT type for invoice posting: Give ur country, tax type, Base Amt – Select Gross amount à Save
ii.     WHT Type – Define WHT for payment posting – Similar to 1bi
iii.     WHT Code  - Country, WHT type, Base Amoutn: 100%, Post Indicator: 1: Std posting, Calculate: WHT Rate: Give ur tax rate.  Similarly do for payment posting
c.     Define formula for calculating WHT-Give basic details and enter other details by double clicking ‘Formula for calculating WHT’.  Do for both Accrual and payment
d.     Company code – Assign WHT to cocode – Do for both payment and accrual
e.     Activate Extended WHT
2.     Posting: Accoutns for WHT – Define accouts for WHT – Give chart of acct – Select WHT code and Type.  Give the type and code of both accrual n opayment
3.     IMG-Logistics General – Tax on Goods movement – India – basic settings – Maintain Cocd settings – Give first month and save
4.     Attach the WHT to Vendor Master (FK02 – change; FKO1 –Create) – Select WHT; Tax type: Either payment/accrual; Select Liable and save
5.     Try posting entry thru F-43 and enter the WHT. Document àSimulate
Pls. assign points, if useful</b>
Regards,
Sridevi