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A new GSTR-2B API is applicable from 14th Nov 2024, which affects auto-reconciliation of GSTR-2B for Oct-24. Stay tuned for our upcoming release, TallyPrime 5.1, which supports this and makes reconciliation even smoother.
https://help.tallysolutions.com/docs/te9rel66/Tax_India/tcs/tcs-outstanding-report.htm

TCS Outstanding Report

You can view any TCS that is outstanding. You can either view it based on nature of good or party-wise.

To view TCS Outstanding report

● Go to Gateway of Tally > Display > Statutory Reports > TCS Reports > TCS Outstandings .

The TCS Outstanding report displaying all the pending TCS payments appears as shown below:

To view the party-wise information

● Click F6:Party-wise .

A brief explanation about the report fields is given below:

Field Name

Description

Nature of Goods

Displays the name of the nature of goods, contracts,license or lease as specified in the duty ledger which was used in recording the sales entry where tax was collected.

Company

Displays the total amount of tax collected from parties of Company-resident and Company - Non Resident buyer or lessee type for whom sale transactions were recorded.

Non-Company

Displays the total amount of tax collected from parties of Individual/HUF - Resident and Individual/HUF - Non Resident buyer or lessee type for whom sale transactions were recorded.

Total Pending

Displays the total outstanding amount of all TCS pending payment to be made.

To view the transaction details of each nature of payment

1. Select the required nature of payment and press Enter .

The TCS Nature of Payment Outstandings report for the selected nature of payment appears as shown below:

2. Click F7: Collectee Type to view the report of the selected nature of payment to only company or non-company collectees.

3. Click F12: Configure to change the display of report in terms of the following options:

● Range of Bills to show

● Appearance of Names

● Sorting Method

A brief explanation about the report fields is given below:

Field Name

Description

Date

Displays the date of recording payment, journal or purchase voucher.

Ref. No.

Displays the reference number entered in the payment, journal or purchase voucher.

Party's Name

Displays the party name from where TCS is collected and the payment for the same are yet to be made.

Opening Amount

Displays the opening amount of TCS.

Pending Amount

Displays the pending amount of payment to be made to the government.

Due On

Displays the last date of payment.

Overdue By Days

Displays the number of days passed after the due date.

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