Is Withholding tax Equal to VAT. If No what is the
difference between the two.If equal why they are given a
different name as such. Plz explain

Answer Posted / mina

NO! VAT is under tax on sales or purchases, but
Withholding Taxis pure Income Tax in the guise of TDS

Is This Answer Correct ?    10 Yes 9 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the difference between profitability analysis and profit center accounting?

639


What is a company code in sap

671


when transport save objects, where do they get transported?

1619


What is a document type? : fi- general ledger accounting

611


What is an allocation structure? : co- cost center accounting

629






What is a screen layout? : fi- general ledger master data

618


What is an asset class catalog? : fi- asset accounting

707


Someone kindly explain to me where can i set up in vendor master Cost Center / Business Center / Segments Optional, please help freind. i cant find out. i waiting for my sap group freinds valid responds

1589


what is the implemention project in sap?

1786


Is periodic reposting different from reposting? : co- cost center accounting

617


Explain the use of financial general ledger accounting (fi-gl)?

547


What is stored in table t001 ?

678


How do we create tasks? What is the difference between task and change request?

1647


Name some settlement receivers for co internal orders?

635


What is the impact on the old balance when the reconciliation account in the vendor master is changed?

722