Tax collected at Source:
Following FI Configurations Is required:
1. Withholding tax key is maintained for TCS as below:
Manu Path SPRO → Financial Accounting (New) → Financial Accounting
Basic Settings (New) → Withholding Tax→ Extended
Withholding Tax → Basic Settings → Define Withholding Tax
Keys
Transaction SPRO
Code
Check Recipient Types:
Manu Path SPRO → Financial Accounting (New) → Financial Accounting
Basic Settings (New) → Withholding Tax→ Extended
Withholding Tax → Basic Settings → Check Recipient Types
Transaction SPRO
Code
Withholding tax types are maintained for TCS on base, surcharge, ECS and SECess as below :
Manu Path SPRO → Financial Accounting (New) → Financial Accounting
Basic Settings (New) → Withholding Tax→ Extended
Withholding Tax → Calculation → Withholding Tax Type →
Define Withholding Tax Type for Invoice Posting
Transaction SPRO
Code
Withholding tax types are maintained for TCS on base, surcharge, ECS and SECess as below :
Manu Path SPRO → Financial Accounting (New) → Financial Accounting
Basic Settings (New) → Withholding Tax→ Extended
Withholding Tax → Calculation → Withholding Tax Type →
Define Withholding Tax Type for Invoice Posting
Transaction SPRO
Code
Assign Condition Type(JWTS) to With Holding Tax Type:
Define Processing Key for Modified Net Amount:
Manu Path SPRO → Financial Accounting (New) → Financial Accounting
Basic Settings (New) → Withholding Tax→ Extended
Withholding Tax → Calculation→ Withholding Tax Base
Amount → Define Processing Key for Modified Net Amount
Transaction SPRO
Code
Assign Withholding Tax Types to Company Codes:
Manu Path SPRO → Financial Accounting (New) → Financial Accounting
Basic Settings (New) → Withholding Tax→ Extended
Withholding Tax → Company Code → Assign Withholding
Tax Types to Company Codes
Transaction SPRO
Code
Define Accounts for Withholding To be Paid Over:
Manu Path SPRO → Financial Accounting (New) → Financial Accounting
Basic Settings (New) → Withholding Tax→ Extended
Withholding Tax → Posting→ Accounts for Withholding Tax
→ Define Accounts for Withholding Tax Offsetting To Be Paid
Over
Transaction SPRO
Code
Define Accounts for Withholding Tax Offsetting Entry:
Manu Path SPRO → Financial Accounting (New) → Financial Accounting
Basic Settings (New) → Withholding Tax→ Extended
Withholding Tax → Posting→ Accounts for Withholding Tax
→ Define Accounts for Withholding Tax Offsetting Entry
Transaction OBWO
Code
Maintain Number Groups for Remittance Challan:
Manu Path SPRO → Financial Accounting (New) → Financial Accounting
Basic Settings (New) → Withholding Tax→ Extended
Withholding Tax → Posting→ India→ Remittance Challans →
Maintain Number Groups
Transaction SPRO
Code
Assign Number Ranges to Number Groups for Remittance Challan creation:
Manu Path SPRO → Financial Accounting (New) → Financial Accounting
Basic Settings (New) → Withholding Tax→ Extended
Withholding Tax → Posting→ India→ Remittance Challans →
Assign Number Ranges to Number Groups
Transaction J1INO
Code
Maintain Number Ranges for Remittance Challan:
Manu Path SPRO → Financial Accounting (New) → Financial Accounting
Basic Settings (New) → Withholding Tax→ Extended
Withholding Tax → Posting→ India→ Remittance Challans →
Maintain Number Ranges
Transaction J1INUMBER
Code
Maintain Number Groups and SAPscript Forms TCS Certificates Printing:
Manu Path SPRO → Financial Accounting (New) → Financial Accounting
Basic Settings (New) → Withholding Tax→ Extended
Withholding Tax → Posting→ India→ Withholding Tax
Certificates for Vendors and Customers→ Maintain Number
Groups and SAPscript Forms
Transaction J1INCRT
Code
Assign Number Ranges to Number Groups for TCS Certificates for Vendors and Customers:
Manu Path SPRO → Financial Accounting (New) → Financial Accounting
Basic Settings (New) → Withholding Tax→ Extended
Withholding Tax → Posting→ India→ Withholding Tax
Certificates for Vendors and Customers→ Assign Number
Ranges to Number Groups
Transaction J1INCTNO
Code
Check and Change Settings for Tax Processing:
Manu Path SPRO → Financial Accounting (New → Financial
Accounting Basic Settings (New) → Tax on
Sales/Purchases → Basic Settings → Check and
Change Settings for Tax Processing
Transaction OBCN
Code
Define Tax Accounts:
Manu Path SPRO → Financial Accounting (New → Financial
Accounting Basic Settings (New) → Tax on
Sales/Purchases → Posting → Define Tax
Accounts
Transaction OB40
Code
Define Tax code for IX (Tax Collected at Source – 1%):
