Entering Bank Challans 

Purpose

When the bank sends you a bank challan, you enter the bank challan in the system. The system stores the bank challan number in all remitted withholding tax items by way of proof that you have remitted the tax.

Procedure

...

       1.      On the SAP Easy Access screen, choose Accounting ® Financial Accounting ® Accounts Payable ® Withholding Tax ® India ® Extended Withholding Tax ® Remittance of Withholding Tax ® Enter Bank Challan or Accounting ® Financial Accounting ® Accounts Receivable ® Withholding Tax ® India ® Withholding Tax for Payments to Customers ® Remittance of Withholding Tax ® Enter Bank Challan.

       2.      Enter data as required, including:

¡        Organizational data, such as your company code

¡        Remittance challan number

¡        Bank challan details

       3.      Choose .

Result

The system:

·        Records the bank challan details in the remitted withholding tax items

This information will be included in the vendor withholding tax certificates when you print them.

·        Displays a list of the updated items