TCS (TAX COLLECTED AT SOURCES)
It is collected by seller of certain specified goods of
certain specified rate at the time of purchase and remit in the treasury bank
on the behalf of buyer.
Under TCS, some special category is defined and TCS rate for
each nature is different.
Working steps:-
Create a company and then activate VAT as follow:
To Activate
TCS: - G.O.T. (Gateway of Tally)--> Press F11
(Company Features)--> Press F3
(Statutory & Taxation).
And then create ledger:
Path for
ledger creation: - G.O.T. (Gateway of Tally)--> Accounts Info--> Ledger--> Create (Single).
Create stock master as follow:-
To create
stock group: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Group--> Create (Single).
To create
stock item: - G.O.T. (Gateway of Tally)--> Inventory
Info--> Stock Item--> Create (Single).
And then do voucher entry as follow:-
Path for
voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press F8 (Sales Voucher)--> Press F12 (Configuration).
Now you can see the TCS report as follow:
Path for
view TCS report: - G.O.T. (Gateway of Tally)--> Display--> Statement of Accounts--> TCS Outstandings--> TCS Payable.
Now again do voucher entry:-
Path for
voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press F5 (Payment Voucher)--> Press F12 (Configuration).
See the TCS report as follow:
Path for
view TCS report: - G.O.T. (Gateway of Tally)--> Display--> Statement of Accounts--> TCS Outstandings--> TCS Payable.
You can see that the report is blank, it means that the TCS
has been paid.
Wow! It was wonderful article. Admin, it is great job. Thanks......
ReplyDeleteTally Sales
Great work bro keep posting relevant content.
ReplyDeleteExcellent read, Positive site, I have read a few of the articles on your website now, and I really like your style. I really appreciate your work.If you require aboutCorporate Tax Consultants in bangalore | SSI Registration Services in bangalore please click on it.
ReplyDeleteThanks for sharing this Article,For More details click Here - Tally training in Chandigarh
Thanks a lot for the information, it will help a lot Nursery Schools In Pune
ReplyDeleteNew Bet On UFC 264 | 1xBet: What are the Odds?
ReplyDeleteUFC 264's odds 1xbet app have been 당진 출장안마 announced. The UFC is 동두천 출장샵 at the forefront of UFC 거제 출장마사지 action on the UFC card this weekend, 안산 출장마사지 and with odds to win the UFC 264
(BIIT) Brahmanand Institute of Information & Technology is one of the Best Computer Institute in Laxmi Nagar, Delhi. It offers a wide range of courses that cover all aspects of computing, from basic to advanced levels.
ReplyDeleteEmbark on a fulfilling career with coveted job in nursing home in Manchester UK. Join a dedicated team committed to delivering top-notch care to residents in a supportive and enriching environment.
ReplyDeleteThank You!!