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what is withholding tax? when we use withholding tax?

what are the procedure in steps for calculating tds plz
tell me about all........

Answer Posted / nagarjuna reddy

1)Withholding Tax(VAT) is used for both for the Vendor and
the Customer.
2)Using Time Stamped Tax Invoice we can select the from
date and the to date of Tax period.
3)In SAP first we try to bring Input Tax and Output Tax
under one File,then we can take print out or else we can
save it in DME(Data Medium Exchange) we can file the TAX
returns.
4)Then we can prepare the VAT Summary Report with the
TCode RFKRSUM.

Is This Answer Correct ?    14 Yes 69 No



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