India WHT Calculation Formula for Foreign Suppliers
SummaryFor Foreign Suppliers, Our client is looking for a specific calculation to happen, is it possible ?
We are configuring India withholding taxes and our client has a requirement that for specific foreign suppliers, they need to apply the withholding tax using the below formula. After going through some of the tax related presentations from Oracle, I find that such a calculation may not be possible within WHT, however I wanted to double check (as I could be missing something). And also please suggest if you have come across similar scenario for foreign suppliers to India where a different WHT calculation is needed. Client calls it as grossing up scenario.