Vendor tax deductions

[Former Member]

Hi all,

Same vendor with different tax deductions. How to capture?

[Former Member · Accepted solution]

Hi

Your question not clear,

if you asking about tax create tax codes with diffrent tax rates

in FTXP and select apprapriate tax code its automatically deduct

if you talking about tds thats diffrent as per act same rates applicable for all vendors that means rent service like.

if helpful assign

[Former Member · Accepted solution]

Which tax WH tax or sales tax?

be more specific.

If possible tell senario.

Best Regards,

Raju

[Former Member · Accepted solution]

Hi raju,

Vendors are subject to withholding tax and input tax that means vat are anything

sales tax related to customer that is output tax.

In withholding tax as per 194c rent and commision salraies and traveling borkerage and interest this are related to wth

for this need to create withholding tax code and tax rates these tax code are assinged to vendor master based on tax code its automatically deducted,

related vat input need to create tax codes in ftxp at the time of invoice or payment if u select tax code its automatically deduct and its goto respective account based on assingment.

[Former Member]

Hii..

If you are talking about witholding tax than you can assign different tax codes in the master data of the vendor & at the time of capturing invoice & making payment you can delete tax codes that you dont want.

Regards,

Aakash