EAP: Withholding Amount is Calculated by Including GST Amount Even For Reverse Charge Transactions
(Doc ID 2440955.1)
Last updated on NOVEMBER 19, 2019
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Withholding is getting calculated on the Invoice Amount + GST even for the transactions which are Reverse Charge applicable.
In such transactions, GST is not part of the Invoice and is not paid by the Supplier. The GST is paid off separately by the organization procuring the service to the GST Authority. Hence, the TDS getting calculated for the Reverse Charge Invoice should not include GST for arriving at TDS amount.
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