This document covers the functionality of the Tax collection at Source (TCS) on sale of goods. This feature describes how to do the basic setup for TCS deduction on sale of goods transaction, calculate TCS on transactions from customer or on group of...
17, dated September 30, 2020, clarified the base amount for TCS deduction. Because the collection is based on receipt of the amount of the sale consideration, no adjustment because of indirect taxes, including Goods and Services Tax (GST), is required for the collection of ...
Schritte zum Einrichten für TCS on sale of goods (On a collection of payment basis): Es gibt drei obligatorische Setups Benutzer muss "TCS on Sales of Good" auf Der Grundlage der Zahlungserfassung aktivieren: a.Aktivieren von Features durch Featu...
TCS Nature of Collection,Location CodeandT.C.A.N No.fields should not be blank. TCS to be calculated on customer invoice (through general journal, sales journal, sales invoice or sales order) For example, invoice has been issued to customer for INR 10,000 on which 1% TCS is applicable ...
What are the Cases of TCS Exemptions? Tax collection at the source is exempted in the following cases: When the goods are used for personal consumption The goods are bought for manufacturing, processing or production and not for the purpose of trading those goods. ...
SelectG/L Accountfor service orItemfor goods onSales Invoiceline. Select relevant TCS Nature of Collection onSales Invoiceline. GST Group Code, HSN/SAC Code, GST Credit should have a value inG/L AccountorItemcard. Location Codefield should not be blank on b...
Enter relevant details such as the name of the Nature of Goods, Section, Payment code, Threshold/exemption limit, and applicable TCS rates. Note: You can set TCS rates for different time periods by pressing Ctrl+I (More Details) > TCS Details (History). Configure the following options: ...
TCS Office 365 Engage facilitates the adoption of new technological infrastructure and enhances collaboration and people management. It allows employees to understand their usage and performance through customized micro-content based on role, unit, and geography. With custom engagement campaigns and end-to...
1. General 1.1 The scope, quantity, quality, functionality and technical specifications of any goods, equipment, documentation, software, work or services to be provided by Siemens (collectively referred to as "Supplies") are exclusively defined as the case may be either in the order confirmation...
5.2 You may also cancel your contract if the Products are damaged faulty or not as described, in which case we will refund the cost of returning the goods. Please see clause 7 for further information. 6. How do I change, cancel or return an Order? 6.1 Other than in the circumstances ...