What is meant by with-holding tax invoice?

Answers were Sorted based on User's Feedback



What is meant by with-holding tax invoice?..

Answer / jana_pc

A separate tax invoice generated for withholding tax
amount. Later this invoice will be knocked of when making
the payment made to the authority.

Is This Answer Correct ?    8 Yes 4 No

What is meant by with-holding tax invoice?..

Answer / nikunj

how should make a journal entry of tax invoice

Is This Answer Correct ?    3 Yes 1 No

What is meant by with-holding tax invoice?..

Answer / vikki

Withholding tax is like TDs it collects from the vendor.it will pay to government.
Ex: invoice net amount 90 + vat 8 + withholding tax 2 =100
Tds- within the country
Withholding tax- selling goods to outside the country

Is This Answer Correct ?    0 Yes 0 No

What is meant by with-holding tax invoice?..

Answer / ravindra reddy

WITH HOLDING TAX IS SIMLLAR TO TDS, ( TAX DEDUCTION AT
SOURCE ) , IN ORACLE WHEN WE ARE CREATING A STANDARD
INVOICE WITH TAX, SYSTEM WILL CREATE CREDIT MEMO & STANDARD
INVOICE AGAINST TO THE SUPPLIER/EMPLOYEE AUTOMATICALLY.

BOTH CREDIT MEMO & STANDARD INVOICE WHICH SYSTEM CREATS IS
CALL WITH HOLDING TAX( TAX ATHURORITY )

Is This Answer Correct ?    0 Yes 3 No

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