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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/te9rel65/Tax_India/tcs/getting-started-with-tcs.htm

Enabling TCS

To get started, you have to enable the Tax Collected at Source (TCS) module in Tally.ERP 9 and enter your company's registration details.

1. Go to Gateway of Tally > F11: Features > Statutory and Taxation .

2. In the Company Operations Alteration screen, set Enable Tax Collected at Source (TCS) to Yes .

3. Enable the option Set/alter TCS details . The Company Operations Alteration screen appears as shown below:

4. Enter the TAN registration number .

5. Enter the Tax Deduction Account Number (TAN) .

6. Select the Collector Type .

7. Enable the option Set/alter details of person responsible .

8. Enter the relevant details.

Note: In Release 6.5.5, you can enable the TCS features for a company located in Ladakh . You can select the State as Ladakh in the Person Responsible Details screen.

9. Press Enter .

10. Enable Ignore IT Exemption Limit , if required.

11. Press Enter . The TCS Collector Details screen appears as shown below:

12. Press Ctrl+A to save the details.

For more TCS configurations, click here .

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