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What is WHT in Financial Module and What would be tbe acc
entry for the same?
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Answer / swathi
WHT is withholding tax in oracle terms.
You hold the tax part while you enter your invoice and pay
it to the tax authority. U r tax authority should be
defined as your supplier.
This may happen when u have to pay purchase tax to the tax
authority, and wanted to withhold it.
withholding tax a/c dr
payables a/c cr
| Is This Answer Correct ? | 6 Yes | 4 No |
Answer / rathore
WHT (WithHoldingTax)is used to deduct @ of particular % over
foreign loan under scheme like Buyers Credit Financing. at
the time of availing loan.
| Is This Answer Correct ? | 0 Yes | 0 No |
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