Creating Nature of Goods (TCS)

You can define the TCS nature of goods your business deals.

1. Go to Gateway of Tally > Accounts Info. > Statutory Info. > TCS Nature of Goods > Create .

2. Press Ctrl+C and select the Name .

3. The Section number and Payment Code appears automatically .

4. Enter the Rate of TCS.

5. Enter the Threshold/exemption limit . The TCS Nature of Goods screen appears as shown below:

6. Press Enter to save the details.