When a sale of goods is posted, the tax amount on the invoice is posted to the interim TCS payable account and debited to the customer account. When the user receives payment from the buyer, the system posts an invoice transaction to accrue the TCS liability on the payme...
In case of TCS on “sale of goods” deduction of TCS will be made based on PAN number. If multiple customers have same PAN number than all transactions executed by different customers have same PAN will be accumulated and compared against threshold l...
In case of TCS on “sale of goods” deduction of TCS will be made based on PAN number. If multiple customers have same PAN number than all transactions executed by different customers have same PAN will be accumulated and compared against threshold limit prescribed by the government. User has ...
The applicable GST TCS rate is subject to variation, depending on the transaction type and the seller’s turnover in the previous financial year. For e-commerce, the relevant rate is 1% (0.5% CGST + 0.5% SGST) on the gross consideration value for providers having a turnover of more than...
NNPC does not disclose what happens to the commissions earned by the subsidiaries on these sales. • Available records indicate NNPC retained revenues from the sale of 110 million barrels of oil over ten years from one block controlled by its subsidiary NPDC, worth an estimated $12.3 billion....
TCS Threshold setup for “Sale of goods” TCS on sales of goods apply on single customer or multiple customers having same PAN number. If customer PAN number is not available higher tax rate will apply after crossing the exempted turnover amount. ...
TCS Threshold setup for “Sale of goods” TCS on sales of goods apply on single customer or multiple customers having same PAN number. If customer PAN number is not available higher tax rate will apply after crossing the exempted turnover amount. ...
TCS Threshold setup for “Sale of goods” TCS on sales of goods apply on single customer or multiple customers having same PAN number. If customer PAN number is not available higher tax rate will apply after crossing the exempted turnover amount. ...
TCS Threshold setup for “Sale of goods” TCS on sales of goods apply on single customer or multiple customers having same PAN number. If customer PAN number is not available higher tax rate will apply after crossing the exempted turnover amount. ...
TCS Threshold setup for “Sale of goods” TCS on sales of goods apply on single customer or multiple customers having same PAN number. If customer PAN number is not available higher tax rate will apply after crossing the exempted turnover amoun...