Product type 55c rupee term loan tds and withholding tax deducted

Dear team
any one guide me while posting intrest by using t code tbb1 systen calculates tds and withholding tax but i want only tds how can i remove withholding tax . Pls respond urgently
sarath

Hi,
...in case you get the Witholding Tax flow in Treasury-module already (-> check cashflow;), the flow comes from "Derived Flows" setting. the flow then already exists before running TBB1...
Regards,
Lorenz

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Regarding TDS and Service Tax

Hi experts
I want to create invoice for the vendor catg professional services rendered - General
The Gross Amount is 50000. We are mainiaining the Service Tax Codes also. I want to know the TDS and Service Tax updations for that amountwise entries like..
Ther service tax ecess surchage like accouts will be accumulate with debit balances. What is the further process for these service accounts.
thanks in advance
srinu

Hi Srinivas,
Can you please tell me how the service tax will get calculated in rental conditions?
I've made the following configuration settings:
Step1: RE-Fx>> Accounting>> Automatically Generated Accounting Documents>> Summarize Documents:
Under this node>> Set Item Summarization "Active" for the particular co. code.
Step 2: Defined service tax under "Tax Type" for country INDIA
Step3: Under the IMG node:
RE-Fx>> Accounting>> Integration FI-GL, FI-AR, FI-AP>> Assign Tax Code:
I've maintained Service Tax (tax type) to the country IN.
Also in the contract under posting parameters tab; i've maintained the Tax Type as Service Tax.
In conditions tab also, when I'm simulating the condition, I'm getting the correct entries, (as shown in the screen shot):
Condition Amount: 20,0000 INR
Net Cnd Crrncy: 20,000 INR (for the month of July)
Tax Cnd Crrncy: 2472 INR.
However, when I'm doing RERAPP; i'm unable to post the condition. Getting the 2 errors (screen shot attached):
1) Tax code S2 does not exist in company code E500
2) Taxes by item is activated; consequently, transfer by item is mandatory
Kindly pl. assist where I'm going worng or any configuration missing due to which I'm unable to execute RERAPP for a condition (with service tax calcultaion) for a commercial lease in contract.
Thanks
Shantanu Kar

How to create AP payment terms and withholding tax from backend ?

Hi All,
I have a requirement to create the AP Payment terms and withholding tax from backend as the data is going to be uploaded into 15 different instances therefore for the convenience i am looking for any API or Interface to create these from backend.
Thanks & Regards,
Mayur

Hi Gurus,
Please give me some information on this.
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Mayur

Table for special G/L indicator and withholding tax?

Hi experts,
Iu2019m trying to post a vendor invoice on F-02. When I use vendor invoice posting key the system brings withholding tax automatically but when I use special G/L indicator (incoming credit posting ) withholding tax is not coming.
Is there any connection between posting key and withholding tax or special G/L indicator? Where should I correct this error?
Thanks by now
Edited by: Hande Yaman on May 31, 2011 5:01 PM

Dear,
You can check out relationship between posting key and wht by checking Field status group of posting key in OB41. Now comming to the problem with your special GL indicator with no WHT posting, you need to check FSG of Special Gl indictator in OBYR and special GL in OBC4. Look if its suppressed there.
Regards

VAT and Withholding tax setup for Philippine

Hi ,
Anyone is familiar with the VAT and Withholding tax setup for Philippine.
What is the VAT and WHT config in order to fuilfil the following example.
Appreciate if someone is able to provide me some help on this. Thank you.
Invoice Amount of P 1,120.00 gross of VAT
Services Sales to Private
ENTRY TO RECORD REVENUE          Debit     Credit
Accounts Receivable                                1,120.00
     Vat Consultancy Set-Up                               120.00
     Revenue                                                 1,000.00
ENTRY UPON COLLECTION
Cash in Bank                                                  1,100.00
Taxes Payable - BIR ITR                                 20.00
Vat Consultancy Set-up                               120.00
     VAT Consultancy Payable                               120.00
     Accounts Receivable                            1,120.00

Additional Information
Value Added Tax Reporting:
Advance Return for Tax on Sales/Purchases (VAT Reporting)
Use
In the Philippines, companies are required to submit Bureau of Internal Revenue (BIR) forms 2550M for the monthly (value-added tax) report and 2550Q for the quarterly VAT report. However, these forms also include information not provided by the SAP System, such as advance payments. Using the Advance Return for Tax on Sales and Purchases report, you can print the relevant VAT data and enter it in forms 2550M and 2550Q.
Integration
The report is based on the SAP List Viewer (ALV), which enables you to define your own display variants, according to the BIR requirements listed below.
Activities
To access the report, from the SAP Easy Access screen, choose Accounting --> Financial Accounting --> General Ledger --> Reporting --> Tax Reports --> General --> Advance Return for Tax on Sales/Purchases --> Advance Return for Tax on Sales/Purchases.
You need to make the following settings, in addition to your specific selection criteria:
Under                         Set the following indicator(s)
Output control                         Read address data
Output lists                         Output tax: Line items
                                            Input tax: Line items
You need to define your SAP List Viewer display variant to include the following data on the VAT report, as required by the BIR:
u2022     Reporting company's name and TIN
u2022     Vendor or customer name
u2022     Vendor or customer TIN
u2022     Vendor or customer address
u2022     Document date
u2022     Document number
u2022     Reference number
u2022     Invoice amount
u2022     VAT amount
Withholding tax reports
Generic Withholding Tax Reporting
Use
You use the Generic Withholding Tax Reporting tool to generate withholding tax data for withholding tax reports submitted to the Philippine Bureau of Internal Revenue (BIR) and vendor certificates, as follows:
u2022     BIR form 1601 u2013 Monthly Remittance Return of Income Taxes Withheld
u2022     BIR form 2307 u2013 Certificate of Creditable Tax Withheld at Source
u2022     BIR form 1604 u2013 Annual Information Return of Income Tax Withheld on Compensation, Expanded and Final Withholding Taxes
Features
SAP delivers standard report variants and Smart Forms for each of the reports and the certificate, which are listed below.
SAP also provides a display variant for the output lists, 1SAP, which you can specify under Output control and lists in the Display variant column.
BIR 1601
SAP provides withholding tax data for page 3 of the form. The form comprises three sections u2013 expanded withholding tax, final tax based on the regular rate, and final tax based on treaty rates. Within each of these sections, the data is summarized according to the nature of the income payment (ATC code). For more information, see Withholding Tax Code.
The predefined report variant for BIR 1601 is SAP&PH_1601, and the Smart Form is IDWTCERT_PH_1601.
BIR 2307
The predefined report variant for BIR 2307 is SAP&PH_2307, and the Smart Form is IDWTCERT_PH_2307.
BIR 1604
You use BIR form 1604 to report expanded and final withholding tax for all nonemployee transactions.
SAP provides the three required sections of form 1604: alphalists 3, 4 and 5 (schedules):
Section of BIR 1604 -DESCRIPTION - Predefined report variant - Smart Form
Alphalist 3     Payables subject to expanded withholding tax     SAP&PH_1604-3     IDWTCERT_PH_1604_SCHEDULE3
Alphalist 4     Payees subject to final withholding tax     SAP&PH_1604-4     IDWTCERT_PH_1604_SCHEDULE4
Alphalist 5     Other payees whose income payments are exempt from withholding tax issued but subject to income tax     SAP&PH_1604_5     IDWTCERT_PH_1604_SCHEDULE5
Prerequisites
For each withholding tax report, note the required Customizing settings for the corresponding output group.
Activities
To access the report, from the SAP Easy Access screen, choose Accounting --> Financial Accounting -->Accounts Receivable --> Withholding Tax --> Generic Withholding Tax Reporting.
The Generic Withholding Tax Report has several options for reporting.
The report can be run without the Output Group field populated, or it can be run with one of the PH1 to PH5 options as it relates to the reporting forms/requirements
Hope this piece of information is helpful to you.

Product type for securities with Variable interest and unit quoted

Hello,
Somebody knows, Wich product type can I use to manage securites, where I could calculate variable interest at the end of the month and calculate purchases and sales by units?
I try to use 04H with this product I can calculate the variable interest at the end of the month but I can't used to purchase or sale with units.
Thanks for your help,
Adriana

Hi Ravi,
I followed your instructions.
In SPRO->Treasury and transaction management->Transaction management->Securities->Master Data->Product types->Condition types. I created the followed condition types:
999 Variable interest TZST
998 Int. rate adjustment 999 ZA
Then in Created a new condition grup (99) and assing the Conditions types: 999 & 998 to the group 99
I Created a new product type Z43 and assigned the condition group 99
Then in,
In SPRO->Treasury and transaction management->Transaction management->Securities->Position Management->Securities Account Management->Update Types->Assign Update Types to Condition Types
In Active Pos:
999 Variable interest TZST Incoming payment with positive position 5009 (incoming)
Thanks,
Best regards,
Adriana

Withholding tax code and Withholding tax type relation

Hi All,
Here is my requirement:
I need to get the WT code description for the tax codes I get in BSIS (BSIS-QSSKZ). The problem is when I try to get the same from T059ZT, I need to have the two key fields WITHT (Indicator for withholding tax type) & WT_WITHCD (Withholding tax code).
But from BSIS I am having only the field QSSKZ (Withholding Tax Code)and not the WT type.
I need to know, how can I get the WT type based on WT code? I tried WITH_ITEM but its of no use, as it has both these fields as key fields.
Thanks in advcane.
Anand

Hi,
Hi,
I am working on an enhancement for withholding tax.
The withholding tax base has to be calculated in the exit.
I found that MRM_WT_SPLIT_UPDATE is the badi which can be implemented and can contain the logic for the calculation.
The transaction MIRO calls this BADI.But I need to call the BADI even for FB60,FB65,F-43,F-41 and F10.Is this part of configuration.Please let me know how to enhance the withholding tax calculation.
Thanks,
guest

TDS Certificate - Withholding Tax

Dear all,
Pls can anybody say how to configure settings in Extended Without Tax for getting TDS certificate for vendors.
Thanks and Regards
Aspire Fico

Hello,
Steps for Withholding Tax Config...
1.Check W.Tax Countries
2. Define Official Witholding Tax Codes
3. Define Business Place (If more than one TAN No.)
4. Assign factory calendar to Business Place
5.Define W.Tax type for Invoice Posting and Payment Posting
6. Define W.Tax Code for Invoice Posting and Payment Posting
7.Check Receipiant Types
8. Maintain Tax due dates
9. Maintain surcharge calculation method
10.Maintain Surcharge rates
11.Assign tax types to company code
12. Create GL Account - Withholding tax
13. Assingment of GL Account to Withhold tax
14. Maintain Document types for challan updatation
15.Maintain Number ramges group (SAP script forms)
16.Assign Number ranges to number group
17. Maintain number ranges
18. Assign TDS Number in Global Parameters
19. Assign Tax codes in customer/vendor Master
Configuration Document alongwith screenshots:
http://www.sapficoconsultant.com/Bonus/Extended%20Withholding%20tax%20configuration.pdf
If useful pl assign points and if satisfactory pl close this thread****************
Thanks
Para

Purchase Order Pricing Condition and Withholding Tax

Hi
We have investigated Extended Withholding Tax functionality, which appears to be FI specific.
The problem is that we want to have the Purchase Order pricing conditions reflect that some amount is being withheld for tax purposes.
At invoice time, the vendor would invoice for the entire amount (i guess) (ie. 100$) but we would pay the vendor only 80$ and 20$ would go to a withholding tax account...or something like this would happen ...
I have some pricing config knowledge...but limited
Can anyone tell me
a) if this is possible?
b) any hints on how to go about this?
Also noticed a 'withholding tax code' field on MEK1 - Create Condition Records. .... which appears as display only depending on how i configure my condition type - haven't figured out how to use this field or what is means...
Thank-you !!!

Hi,
If you are using the standard PO Print then check in M/08 and check for that Condition Type whether Print Indicator is "X"? If it is is Z-Print Program then take help of ABAPer.

F-48 and Withholding Tax

Hello,
I'm trying to setup Withholding tax so that it post when an AP Down payment is created in F-48.
I had the Withholding tax to apply at time of Invoice, thinking that this might be the problem. Now I've changed it so that it's applied at time of payment.
This still did not fix the error.
In the 'Vendor: Add Items' screen, I enter the amount then it ask me to enter a Tax Code (this is another problem, a Tax code should not be required). So I enter the tax code and click on the 'Calculate Tax' box. Then I click enter and try to push on the 'Withholding Tax' push button. I get a message asking 'Has the Tax code been entered correctly', and I say 'OK'. The Withholding box never pops up for me to either enter or display the Withholding amount.
Does anybody know why this is happening?
thank you for your help!
Brett

Hello brett,
TDS codes will prepare at the time of invoice or at the time of advance payment. Depend upon the activity system will pick up the TDS codes from vendor master.
If vendor is debit then at the advance payment TDS codes will come if Vendor is credit at the time of invoice TDS codes will come.
Both TDS codes ( at the time of payment & invoice) are not deduct at the same time.
Field status variant:
Go to FS00 and give the gl account and click on Create/bank/interest tab to see the field status group attached. double click on that one it will directly take to field status variant screen(obc4) see the status of withholding taxes under TAXES tab. if withholding taxes option is in suppress mode convert into optional.
if still the problem continues go to SE38 RFWT0010 give vendor code and all required details finally deselect test run button. (there is no any problem even you run morethan one time).
Regards,
Sankar

Problem with credit memo and withholding tax

Please, I need your help:
I have tried pay some invoice, each one does not exceed the minimum amount for Withholding Tax , but the adding of them exceed the Max Amounts for Withholding Tax Codes. For this I am using u201CBase exempt amt check at pymt doc level u201C and It works, the problem is when I have a credit memo the system does not work well subtracting withholding tax

Dear,
please kindly open a message into Your market place for for such a problem. You need a fix.
Thanks.
Mauri

Excise Duty and Withholding Tax in Same Document

Hi Experts,
I want to charge With holding Tax which is calculating successfully but i want to charge excise duty for the same document can any one guide me that how can i calculate both Excise and Wit Holding tax on same Document.
Regards
Ashar Anwer

It is possible to edit the Tax Amounts in the A/P documents. But it is not possible to edit the Tax Amounts in AR documents.
To edit the Tax amounts in A/P Documents, click Form Settings and enable 'Tax Amounts'
Now tax amount will be shown in the matrix.
Click on the Golden Arrow in the Tax Amount, here you can edit Tax amount.

XI and withholding tax - urgent !

Hi,
The user wants to know how XI capabilities of SAP for Withholding Tax works?
Can somebody guide on this? If any documentation please forward.
Thanks and Regards
Karpagam

Dear Karpagam,
SAP XI is just an integration tool, it doesn't have any functionality. You would need map the fields accordingly to achieve your functionality.
You would need to design correct mapping document. Are you planning to use RFC Adapter, IDOC Adapter, or Proxies for your scenario?
Hope this will help.
Regards,
Naveen.

TDS and Sales Taxes are Possible with out implementing SD & MM??

Dear Members,
Is it possible to generate TDS forms and calculation of Sales Taxes without having MM and SD Modules??
Under GL we have the options for Taxes in Easy Access Screen..so i hope soo..
If such things are available pls guide me ..we r in need of this.
regards,
shashi

dear aakash,
can u explain it detallyy..
and how to configure it.??
regards,
shashi.

Withholding Tax Types and Withholding Tax Code

Good Afternoon SAP Guru's
I need some help with a very basic question. I need to configure WHT and EWHT for 1099 and 1042. I am in the US. Here is the configuration I completed so far which I hope is appropriate. Please tell me if it not.
SPRO for EWHT
Maintain Country
Define Reason for Exemption
*is this needed for 1099 not withholding?
Maintain Recipient Type
Define WHT keys
Check Recipient Types
*1042 only?
WHT type for invoice posting
*created I1 for WHT type for Invoice Posting
WHT type for payment posting
*created 42 for 1042
*created ST for 1099 State
*created FE for 1099 Federal
Define Rounding Rule for WHT
*is this necessary
Assign Condition Type to WHT type
*what is this for?
My big issue is that I am confused on Tax Type and Tax Code.
I believe it is required to have 3 tax types for invoice posting and 3 for payment posting? I have 3 scenarios each. They are as mentioned earlier
1099- not withholding
1099- withholding
1042- withholding
I haven't configured 3 tax types for invoice posting, only 1 at this time.
For tax code, I struggle with the tax code field because the field is only 2 positions and therefore, how do I differentiate the different codes listed on the 1099 and 1042 on here? There are 18 codes on a 1099 and 50 on a 1042. Any suggestions?
Do I need to enter 1099 codes twice because one is exempt and the other is withholding? Or is that the reason why I need to create a exemption reason code for WHT type?
Any help would be greatly appreciated.
Thanks!

no response

Product type 55c rupee term loan tds and withholding tax deducted

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