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
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.