SAP ERP Financials and FICO Handbook

1.5 ACCOUNTS PAYABLE (FI-AP) 47
3. Transaction code F-28
Vendor Account
Bank Account
debit
credit
93. What is a GR/IR account? Why is it maintained?
A GR/IR account represents goods receipts and invoice receipts. This is a clearing
account that is maintained to nullify the time difference between goods receipts
and invoice receipts from the business partner. The balance in the GR/IR account
increases because of the following:
■ If the quantity received is less than the quantity invoiced. The system then expects
further goods receipts for this purchase order in order to clear this balance.
■ If the quantity received is more than the quantity invoiced. The system then
expects further invoices for this purchase order to clear this balance.
94. What is the difference between withholding taxes and extended withholding
taxes?
The differences between the classic withholding tax and extended withholding tax
are described in Table 1.2.
Individual Function Classic Extended
Withholding tax on outgoing payment Yes Yes
TDS on incoming payment
Yes
TDS at the time of invoice Yes Yes
TDS on partial payment
Yes
No. of withholding tax from each document Max 1 Several
TDS basis—Net amount
Gross amount
Tax amount
Yes
Yes
Yes
TABLE 1.2
Comparison of withholding taxes