Payables and Cash Management - EBS (MOSC)

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Set payament limit for enter the With Holding Tax

edited Jul 20, 2010 7:31AM in Payables and Cash Management - EBS (MOSC) 5 commentsAnswered
  As per the Inland Revenue Act, we are required to deduct WHT, if payments in respect of services exceeds Rs. 50,000/- per month or Rs. 500,000/- per annum.

Presently we manually monitor the payments to service providers and as an when payments exceed the specified thresh holds we tag in the system.

In this method there is a high probability that we may miss suppliers who are liable for WHT.

Shall appreciate if you could set the above limits (monthly Rs. 50,000/- and annually Rs. 500,000/-) in the oracle EBS 11i system so that when payments to a supplier exceeds the above thresh holds it will indicate to us through a notice or block entering further payments without tagging for WHT in the System
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