When TCS on sales is applied on Accounts payable transactions, the tax amount is posted to a recoverable account: When you apply TCS on sales on a purchase transaction, the TCS amount is posted directly to the TCS recoverable account. You must then match the TCS ledger wi...
TCS on the collection of payment from the customer against sales consideration: As per CBDT clarification “It may be noted that this TCS applies only in cases where the receipt of sale consideration exceeds Rs. 50 lakh in a financial year. Fo...
on which TCS has been calculated on advance payment with the line amount of Sales Invoice and TCS will only be calculated on the line amount which is more than the TCS base amount. For example: If TCS base amount was 10,000.00 in advance payment and line amount is 20,000.00 on sales ...
cargo and logistics companies. It operates in more than 210 countries with over 500 hubs globally. To track TCS packages or shipments, visit the official website. Once there you can either enter your tracking number through a search bar on the home page or access it from your email using t...
In the past year, the Government of India introduced new provisions for TCS under Section 206C as sub-section 1H in theFinance Act, 2020. According to the new provisions, sellers are required to collect TCS from their buyers on sales of goods from 1 October 2020. ...
You can calculate Tax Collected at Source (TCS) on intercompany transactions. TCS is calculated in the following phases in intercompany transactions: When you create an intercompany sales order or purchase order, the default TCS group that is defined for the customer or vendor ...
TCS™ HSP device selection: Pick a TCS™ device with a minimum trip current at 25 °C that is above the number calculated in step 2 (e.g., The Model TCS-DL004-250-WH has a minimum trip current of 250 mA, making it the lowest trip current device that will work in the ...
the key problem of physical sales channels at present is to keep people excited and achieve the convenience of online shopping. Just like Hollywood blockbusters often have stars playing multiple roles (for example, Cate Blanchett played 13 roles in "Manifesto" and Tom Hanks played more than four...
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Reduction in auxiliary power consumption and increase in power sales by up to 1%. Reduction in plant heat rate by 0.5% to 1% by optimizing combustion. Reduction in emissions of harmful gases by up to 8%. Up to 20% reduction in operations and maintenance costs by predicting failures with ...