How to Pass Sale Voucher Entry to Collect TCS in Tally Prime?

Step: GOT > Voucher > F8 > Ctrl+H > Item Invoice

· In Sale Voucher screen, fill all details like,

· Party A/c Name– Select Party Ledger to Sale like I select “Anish Gupta”

· Sales Ledger – Select Sales Ledger for TCS goods like, I Select “Scrap Sale”

· Name of item – Select your TCS Goods for Sale like, I select “Scrap”.

· Quantity – Type Quantity Amount of TCS Goods, Like I type “100 MT”

· Rate – Type Rate of One Quantity of YCS Goods, like I type “1000”

· After filling above details Press 2 times enter from Name of Item column & select TCS tax ledger form list for Your TCS Goods.

Ø Like I Select “TCS on Scrap” ledger in ledger Column

Ø TCS tax Automatically Calculated after Select TCS tax Ledger.

Ø After filling all Above details screen of Sale ledger will shown like this following screenshot::

Ø If you want see TCS tax calculation details Then Press “Ctrl+I” and Click on “TCS – Tax

Analysis” & then Press “Alt+F1” for detailed

Ø
After follow above step TCS tax Calculation screen shown like that following screenshot:

Ø Press “Esc” Button to Back Sales voucher screen

Ø Press Ctrl+A to save Sale Voucher screen

Ø Practice Exercise for Pass Sales Voucher Entry Collect TCS from buyer, for You

1. For Timber wood

· Party A/c Name– Manish Kumar

· Sales Ledger – Timber Sale

· Name of item – Timber

· Quantity – 50 MT

· Rate – 5000

· TCS Tax Ledger – TCS on Timber

2. For Tendu Leaves

· Party A/c Name– Rajneesh Pandey

· Sales Ledger – Tendu Leaves Sale

· Name of item – Tendu Leaves

· Quantity – 80 Kgs

· Rate – 2000

· TCS Tax Ledger – TCS on Tendu Leaves

Process 8: Show TCS Reports