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What is meant by with-holding tax invoice?
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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
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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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