1. Country-Specific Features
  2. India Help Topics
  3. India Localization SuiteTax Engine
  4. Tax Collection at Source
  5. Setting Up TCS

Setting Up TCS

Set up Tax Collection at Source (TCS) by configuring eligible customer and item records, and creating TCS tax rate rules. To finish setting up TCS, perform the following steps in order:

  1. Configuring Customer Records that are Eligible for TCS

  2. Configuring Item Records for TCS

  3. Creating TCS Tax Rate Rules

TCS Subsection Codes

The India Localization SuiteTax Engine SuiteApp supports the following subsection codes under TCS:

  • Section 206C (1)

  • Section 206C (1C)

  • Section 206C (1F)

  • Section 206C (1E)

  • Section 206C (1G)

  • Section 206C (1H)

The SuiteApp includes default challan codes for each subsection code. In the global Search field, enter TCS Subsection to view the list of subsection codes, and enter TCS Challan to view the list of challan codes.

You can't create section or subsection codes, but you can create challan codes by following the steps in To create a new challan code:.

Related Topics

General Notices