Use Case: 2 AP Invoice Transaction Flow with AWT on Purchase of Goods
This section provides a detailed view of AP invoice transaction flow with Automatic Withholding Tax (AWT) on purchase of goods use case.
Purchase of Goods – Other than Oil
This table shows the invoice for purchase of goods other than oil:
| SLAB | AMOUNT | RATE |
|---|---|---|
| 1 | Less than 20 Lakhs | 3% |
| 2 | Greater than 20 Lakhs - Less than 1 Crore | 4% |
| 3 | Greater than 1 Crore | 5% |
Use Case for Goods – Other than Oil
This table shows the usecase for goods other than oil:
| # | VENDOR | INVOICE NO | AMOUNT | DETAILS / TDS % | TDS DEDUCTED | NET PAID |
|---|---|---|---|---|---|---|
| 1 | Advanced Corp | 1st Invoice | 18,00,000 | 3% | 54,000 | 17,46,000 |
| 2 | Advanced Corp | 2nd Invoice | 2,00,000 | 3% | 6,000 | 1,94,000 |
| 3 | Advanced Corp | 3rd Invoice | 2,000 | WHT restricted to the Invoice Amount | 2,000 | -18,080 |
| 4 | Total | 20,02,000 | 4% | 80,080 | ||
| 5 | TDS Already Deducted (#1+2+3) | 62,000 | ||||
| 6 | Balance TDS to be Deducted (#4-5) | 18,080 | ||||
| 7 | Advanced Corp | 4th Invoice | 80,00,000 | 4,38,100 | 75,84,000 | |
| 8 | Total | ######## | 5% | 5,00,100 | ||
| 9 | TDS Already Deducted (#5) | 62,000 | ||||
| 10 | Balance TDS to be Deducted (#8-9) | 4,38,100 |
Create Invoices for Purchase of Goods Other than Oil
- Invoice # BD-NON-OIL-1
- Invoice # BD-NON-OIL-2
- Invoice # BD-NON-OIL-3
- Invoice # BD-NON-OIL-4
Withholding Tax Invoices Generated on Tax Authority (IRS)
This table shows the withholding tax invoices generated on tax authority.| Invoice Number | Invoice Date | Creation Date | Supplier or Party | Supplier Site | Unpaid Amount | Invoice Amount |
|---|---|---|---|---|---|---|
| Withholding tax - 30000 | 5/27/20 | 5/27/20 6:01 AM | Internal Revenue Server | Prog US Tax | 54,000.00 USD | 54,000.00 USD |
| Withholding tax - 30000 | 5/27/20 | 5/27/20 6:05 AM | Internal Revenue Server | Prog US Tax | 6,000.00 USD | 6,000.00 USD |
| Withholding tax - 30000 | 5/27/20 | 5/27/20 6:07 AM | Internal Revenue Server | Prog US Tax | 2,000.00 USD | 2,000.00 USD |
| Withholding tax - 30000 | 5/27/20 | 5/27/20 6:09 AM | Internal Revenue Server | Prog US Tax | 438,100.00 USD | 438,100.00 USD |