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Oct 12, 2020 at 12:51 PM

SAP B1 India Localization TCS tax setup

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Hi,

Recently, the Indian government has introduced new additional tax under Section 206C (1H).

  • Tax Code : TCS
  • Percentage : 0.075%
  • Calculate : 0.075% from total Invoice value (inclusive of GST, i.e. Goods price + GST 18%)

What do we need to setup for India localization database?