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AP: Withholding Calc Routine Designed For Overriding Of Basis Amount At GST Prepaid & Regular Voucher (Doc ID 2637403.1)

Last updated on FEBRUARY 10, 2020

Applies to:

PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.

Goal

Sample cases explaining the withholding calc. routine designed for overriding of basis amount at GST Prepaid & Regular Voucher:

Case 1 : When overriding of basis amount at Prepaid Voucher and no overriding of basis amount at Regular Voucher.

Case 2 : When overriding of basis amount occurs at Prepaid Voucher and Regular Voucher.

Withholding Set up

.

Withholding Entity

INDIT

Withholding Type

INDTD

Withholding applicable

Voucher Posting

Rounding option

Nearest Rupee Round (NRR)

Entity Currency

INR

Rate type

CRRNT

Withholding class

194J2

Withholding Rule 194J2

10%

Withholding basis amount

Net

Withholding Authority

SHARE/IND0000090/MAIN

 

Prepaid Voucher. Post and pay the schedules. Post the Payments 

.

Prepaid Voucher Amount

118000

Withholding Basis amount override

100000

Transaction Currency

INR

Voucher Base Currency

INR

 

When Prepaid Voucher is posted Withholding will calculate based on withholding basis amount override.

Withholding amount =  100000 * 0.10 = 10000

Apply rounding as per the withholding entity set up NRR = Round(10000,0) = 10000

 

Schedules of Prepaid Voucher

.

Withholding schedule 

10000

Regular schedule

118000 – 10000 = 108000

 

 

Solution

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In this Document
Goal
Solution
References


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