• VAT Withholding Module in Tally

    What is withholding VAT?
    Withholding VAT is a method of collecting VAT where a portion
    of VAT is collected by appointed withholding VAT agents from
    payments made to a local supplier of Vatable goods and

    The VAT to be withheld and remitted is 2% of the value of
    taxable supplies.

    withholding VAT E-return

    Withholding VAT is remitted by the appointed Withholding VAT
    agents on or before the twentieth day of the month following the
    month in which the deduction is made.