Wednesday, 16 November 2016

Steps to Create With Holding Tax in Oracle Apps

Set Up Steps
 
ü  Enable Withhold Tax in Payable Options
ü  Enable Withhold Tax at Supplier Site
ü  Define Special Calendar for Withhold Tax
ü  Define Tax Codes
ü  Review Your Supplier
ü  Book an invoice with same supplier
ü  Review Withhold Tax Invoice created by Payables
Step No: 1

Enabling Withhold Tax at Payable Options
Nav: Setup > Options/Payable Options
Step No: 2
Enabling Withhold Tax at Supplier Site
Nav: Supplier > Entry

Step No: 3
Define Special Calendar for Withhold Tax
Nav: Setup/calendar/Special Calendar
Step No: 4

Define Tax Codes
Nav: Setup/Tax/Codes
Step No: 5

Review Your Supplier
Nav: Supplier/ Entry
Step No: 6

Book an standard invoice with same supplier for testing of With Holding. 
Nav: Invoices/ Entry/Invoice

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