TCS which has been calculatedon advance payment can be adjusted while creating Sales Invoice againstthat advance payment. ... For example: If TCS base amount was 10,000.00 in advance payment and line amount is 20,000.00 on sales invoice, then TCS will be calculated on 10,000.00 on sales in...
This field containss the TDS/TCS base amount on which TDS/TCS is calculated.Tip For more information on how to work with fields and columns, see Work with Data. For assistance in finding specific pages, see Search.Parent TablesExpand table ...
TCS to be calculated on non-resident customer invoice in foreign currency For example, invoice has been raised to foreign customer for USD 10,000 on which 1% TCS is applicable for Nature of collection 'Scrap'. All foreign currency amounts will get converted into INR based on currency exch...
Provision has been provided to enter amount on which TCS can be calculated on the event of receipt of payment from customer. In addition to it, provision for selecting posted sales lines for updating amount in 'TCS on Recpt. Of Pmt. Amount' in payment line has been provided. By this...
This field containss the TDS/TCS base amount on which TDS/TCS is calculated.Tip For more information on how to work with fields and columns, see Work with Data. For assistance in finding specific pages, see Search.Parent TablesExpand table TableLocation Sales Cr.Memo Line Table Sales and ...
In the customer payment, on the General tab, notice that GST that was calculated on the invoice amount is excluded from the GST TCS calculation.The following illustration shows the posted journal voucher.The GST TCS on payment that the e-commerce operator makes to the vendor is posted to the...
Section 206AB of the Income Tax Act is recently introduced vide the Finance Act, 2021. Under section 206AB of the Act on any sum or income or the amount paid, or payable or credited, by a person (herein referred to as deductee) to a “specified person” who has ...
Select Withholding tax. On the Temporary withholding tax transactions page, notice that the withholding tax is calculated at the defined rate of 20.0 percent for this vendor, because the vendor hasn't filed income tax returns for the last two years....
For example, if one component of the dues was based upon the number of branches, you could have the system use the number of branches field to populate the quantity field, and the total extended cost would be automatically calculated for each member. You can also merge in Contact fields to...
(such as when generating dues invoices). For example, if one component of the dues was based upon the number of branches, you could have the system use the number of branches field to populate the quantity field, and the total extended cost would be automatically calculated for each member....