SETUPS FOR WCT

Go To General ledger Define two accounts a.Liability account b.Expence account 1 sundry creditors-wct statutory work contract account-liability account 2 WCT control account-Expence account

1.SUNDRY CREDITORS-Liability account

2 WCT CONTROL ACCOUNT-Expence account

Switch Responsibility to INDIAN LOCALIZATION Go to ASIA PACIFIC LOOKSUPS TYPE:JAI_AP_TDS_SECTION_TYPES Define WCT SECTION

an description as WCT TYPE . meaning .Then Define JAI_TDS_SECTION Define code .

meaning.Then define JAI_WCT_SECTION Define code. description as WCT TAX .

Then switch Responsibility to Accounts payables Then define VENDOR AN VENDOR NUMBER Define the supplier according to the state u r paying for the WCT TAX Here I have define for NEW DELHI STATE ie PUNJAB AND SIND BANK as supplier Go to supplier > entry then Create supplier .

Then Click organization Tab Define the Type as : INDIA TDS AUTHORITY .

Then click the Accounting Tab Attach the Liability account to that supplier .

WCT-NEW DELHI REG@2 Reg means regestered Unreg means -Unregestered .Then under India locialization SETUP> TAX SETUP > TAXES Then define Tax Definition india locialization Define Respective states an their percentages Here I Define for NEW DELHI ie.

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Then define the invoices an attach the WCT at INVOIVE DESTRIBUTION LEVEL invoices > entry > invoices batches After entering the invoices click Distribution .

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s supplier .

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