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.