Fusion: Withholding Tax - Single Document Limit and Period Limit

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Fusion: Withholding Tax - Single Document Limit and Period Limit

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Hi Team,

Fusion Withholding Tax : On basis of each supplier, if a single invoice is more than 30,000 WHT is applicable. In addition to that, if the total invoice amount in a financial year is exceeding 1,00,000 this is subjected to WHT. E.g. Apr (Inv num : 1, Amount: 10,000 {no WHT}), May (Inv num : 2, Amount : 31,000 { WHT is applicable on 31,000}), Jun ( Inv num , Amount : 60,000 { WHT is applicable on 70,000 as total invoice amount for that supplier in a year, is more than 1,00,000. Only 70,000 is applicable  for WHT. Inv 1 : 10,000+ Inv 3 : 60,000 only, Inv 2 : 31,000 is excluded as WHT is applied as it crossed single transaction amount limit }).