To record TCS please follow the below mentioned steps :
Step 1: Go to “Purchase”, and Select “Purchases”.
Now, click on "Create Purchase” from the top right-hand corner of the screen.
Step 2: Fill in the Vendor’s details.
You can select existing vendors from the drop-down list or add new vendors by typing in their details manually.
(And fill in the necessary details like due date, reference number, etc.)
Step 3: Fill in the details of the products.
You can select existing products from the drop-down list or add new products by typing in their details manually.
To add more products, click on ‘+ Add New Product’, which will add new item rows.
Also, Click on ‘+ Add to bill’ and add the rest of the product details like quantity, category, discount, etc.
Step 4: Add TCS
Add additional charges (if applicable) and create or edit notes, as well as terms and conditions.
Switch on the “TCS Applicable” toggle bar under the “Add Payment” section and select the TCS section from the drop-down menu.
Step 5: Add your signature and click “Save”.
Your Invoice is ready.
You can now share it via WhatsApp, SMS, or Email with your vendors.