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Creating TCS Duty Ledger

You can create a duty ledger for accounting for TCS and also specify the nature of goods.

To create a TCS duty ledger

1.    Go to Gateway of Tally > Accounts Info. > Ledgers > Create.

2.    Enter the Name

3.    Select Duties and Taxes as the group name in the Under field.

4.    Select TCS as the Type of Duty/Tax.

5.    Select a Nature of Goods/Contract/License/Lease from the List of Nature of Goods.

6.    Press Enter.

The Ledger Creation screen appears as shown below:

7.    Press Ctrl + A to save the details.