WHT Settings in FBCJ

[Former Member]

Hi Dudes,

I want to post the WHT tax transactions directly at the time payment in Cash journal(FBCJ) transactions.

Ex: Payment of Stationery expenses

Stationery Exp Dr 100

Cash a/c 90

WHT Tax 10

I don't want to route this transaction through a Vendor and I want to post it directly and at the time of posting system has to display the above accounting entry.

what settings required to get the above result?

Thanks

MBN

[Former Member · Accepted solution]

Hello Dear

Well as per SAP Standards TDS can be deducted only in case of Vendor/Customers.

But if you don't want to route through Vendor then you can use One time Vendor Functionality for the same.

Hope it Helps

Cheers

IMK

[durgasankar_innamuri]

Hi,

You can pass manual entry for TDS in FBCJ even Post automatically button is selected. For generation of TDS certificates also you need to manual process means document number wise.

What is your clients requirement to pass this kind of entries because at the time TDS certificate has to contain vendor name and address.

Passing manual entry is not advisable for TDS.

regards,

Sankar

[Former Member]

Hi

TDS deducted at the time of:

1 Posting Vendor Invoice

2 At the time of advance payment

both setting in spro - Financial accounting - Financial accouting global settings - Withholding tax - Extended withhiolding tax

No way for tds dedcuted directly for cash.

there are settings in vendor/customer master data of Withholding tax information, here u assign withholding tax type or withholding tax code for tds dedcuted at the time of invoice or payment

If any query revert back

Regards

Roobal

[Former Member]

Hi

Any help on this.

[Former Member]

anybody who came to across this issue. Please update on this issue.

[Former Member]

Dear friends,

So there is no other option except creation of One time Vendor.

Thanks in advance

MBN

[Former Member]

Hi,

Basically, to record the TDS, vendor is one of the pre-requirement. Because in vendor master, you will be assigning relevant WHT type and codes. Because, TDS is calculated based on the WHT codes assigned to vendor.

Second thing, if you are deducting TDS then you need to issue TDS certificate to vendor. To fulfill that requirement also, you will need vendor account.

Revert back in case of further clarification.

Regards,

Kapil

[Former Member]

Dear all

Thanks to all for your valuble inputs.

Regards

MBN