Type search words and press enter
Seamless e-invoicing is now at your fingertips. Check out our self-help videos.
https://help.tallysolutions.com/docs/te9rel49/TCS/Payment_Vch_using_TCS_Helper.htm

Creating a Payment Voucher using Auto Fill of Statutory Payments

 

In Tally.ERP 9, from Release 2.0 the Tax/Duty payments can be recorded using S: Stat Payment Button.

Note: The Stat Payment button will be available only if Use Single Entry mode for Pymt/Rcpt/Contra? is enabled in the F12: Configure (Voucher Configuration).

To record TCS Payment using the auto fill of statutory payment

Go to Gateway of Tally > Accounting Vouchers > F5: Payment

In F12: Configure (Payment Configuration)

  • Ensure Use Single Entry mode for Pymt/Rcpt/Contra is set to Yes

 

  1. Enter the Date as 7-5-2010.

  2. Press Alt + S or click on S: Stat Payment to view Statutory Payment screen

  1. In Statutory Payment screen

  2. Type of Duty/Tax: In this field select the Tax/Duty Type towards which tax payment entry is being recorded. Here we are recording TCS duty payment entry, hence select TCS from the Type of Duty/Tax

Note: The Types of Duty/Tax will be displayed based on the statutory features enabled in F11: Features for the company.

  • Auto Fill Statutory Payment: Set this option to YES to auto calculate and fill the duty payable to the Government. Set this option to NO, if the user wants to manually select the duty ledger and duty bills. ABC Company wants to auto fill tax details in payment voucher, hence the option Auto Fill Statutory Payments is set to Yes.

  • On setting the option Auto Fill Statutory Payments to Yes, based on the Duty/Tax Type selected Tally.ERP 9 displays the appropriate statutory payment fields to fill the details.

  • Select the TCS @ 2.5% Ledger from the List of TCS Ledgers and enter.

  • Select Buyer/Lessee Status from Deductee/Collectee Status and enter. This lets you prepare separate challans as it is mandatory for different types of Collectees.

  • Enter the To Date to select the period for generation of TCS Challan.

 

  1. Press Enter to save the Statutory Payments.

  2. TCS Ledger with TCS Details will be displayed in the payment voucher.

  1. Select the State Bank of India Ledger from the List of Ledger Accounts in Account field.

  1. Set the option Provide Details to Yes and enter the Challan Details.

 

  1. Press Enter to accept and save.

Printing ITNS - 281 Challan

Press Page Up from the payment voucher to view the payment voucher entered on 7-5-2010.

Press Alt +P or click on P: Print button to view the Voucher Printing Screen. The option Print as TCS Challan is by default set to Yes.

Ensure that Alt+I with Print Preview is selected and press enter to view print preview of ITNS - 281 Challan.

The Print Preview of TCS Challan appears as shown

Note: If the concern is a proprietorship firm, then the name of the person responsible mentioned in the Company TCS Deductor Details screen will be captured in the Full Name field of the TDS Tax Challan. If the concern is not a proprietorship firm, then the Company Name mentioned in the Company Creation/Alteration screen will be captured here.

 

Mail this article