Answer Posted / ravindra reddy
WITH HOLDING TAX IS SIMLLAR TO TDS, ( TAX DEDUCTION AT
SOURCE ) , IN ORACLE WHEN WE ARE CREATING A STANDARD
INVOICE WITH TAX, SYSTEM WILL CREATE CREDIT MEMO & STANDARD
INVOICE AGAINST TO THE SUPPLIER/EMPLOYEE AUTOMATICALLY.
BOTH CREDIT MEMO & STANDARD INVOICE WHICH SYSTEM CREATS IS
CALL WITH HOLDING TAX( TAX ATHURORITY )
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