Hi,
we have a scenario in which Portion of input tax is withheld by the buyer at the time of invoicing. at the time of payment WHT is calculated on the gross amount - Input tax withheld. Bellow is the example.
Assuming invoice value is 5000 including 3% input tax. 10% of Input tax is to be held at the time of invoice and at the time of payment WHT is to be calculated on 5000-10% OF 3% Input tax. At the time of invoice below transaction is to be posted
Expense Debit 4854.37
Input tax Debit 145.63
10% of Input Tax With held Credit 14.56
Vendor Credit 4985.44
Up till here i have system working just fine. the issue arise when i make the payment of the invoice. Logically system should consider the base amount for W.H.T as the net amount payable to vendor which is 4985.44. But since i have check base amount to be Gross system takes it to be 5000. I f i check net amount it takes the 4854.37 to be the base amount. Any one have any suggestion on how i can achieve the desired without manual input of base amount.
Regards,