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
