In this tutorial, you will learn-
- Post Withholding Tax during Vendor Invoice Posting
- Post Withholding Tax During Payment Posting
Post Withholding Tax during Vendor Invoice Posting
Step 1) Enter the transaction code F-53 in the Command Field
Step 2) In the next screen, Enter the following data
- Enter the Document Date
- Enter the Cash/Bank Account the Payment is to be posted
- Enter the Payment Amount
- Enter the Vendor Id of the Vendor receiving the Payment
Step 3) In the next screen,Assign the Payment Amount to Appropriate Invoice so as to balance the Payment with the Invoice Amount
Step 4) From the Standard Menu bar , Navigate to Simulate the Clearing Document
Step 5) In the next screen, we can check the Withholding Tax is also Credited as per the base amount entered in the Invoice.
Step 6) Press Post from the Standard Toolbar to post the Incoming Payment
Step 7) Check for the Status bar for the Document number to be generated
Post Withholding Tax During Payment Posting
Step 1) Enter transaction FB60 in SAP Command Field
Step 2) In the Next Screen , Enter Company Code you want to post invoice to
Step 3) In the next screen, Enter the Following
- Enter the Vendor ID (Withholding Tax Enabled )of the Vendor to be Invoiced
- Enter Invoice Date
- Check Document Type Vendor Invoice
- Enter Amount for Invoice
- Select Tax Code for the Tax Applicable
- Select Tax Indicator “Calculate Tax”.
- Enter the Purchase Account
- Enter Amount for the Invoice
Step 4) After completing the above entries Select the Withholding Tax Tab and Enter the Following
- Enter the Tax Base Amount
- Enter the Tax Exempt Amount
- Check the Withholding Tax Code
Step 5) Press Post Button in Standard bar
Step 6) And wait for Document number to be generated and display on the status bar for Conformation
