How to Create TCS Ledger in Tally Prime?

Step: GOT > Create > Ledger

Ø In ledger screen fill all details for TCS ledger like,

· Name – Type name of TCS type like, I type “TCS on Scrap”

· Under – Select “Duties & Taxes”

· Type of duty/tax – Select “TCS”

· Nature of Payment – Select Nature of Goods for that TCS ledger like, I select “Scrap”.

Ø
Fill all above details like following screenshot:

Ø Press Ctrl+A to save this screen

Ø Practice Exercise for Create TCS Ledger, for You

Name

Under

Type of duty/tax

Nature of Goods

TCS on Timber

Duties & Taxes

TCS

Timber wood under

a forest leased

TDS on Tendu Leaves

Duties & Taxes

TCS

Tendu leaves

· Process 6: Create TCS Sale Ledger to Sale TCS Goods