WRONG TCS CALCULATION IN CREDIT MEMO

[rishiagrhmc]

When Credit Memo is being created based upon an A/R Invoice with TCS, the TCS in Credit Memo is coming equal to the amount in the A/R Invoice instead of getting calculated according to the Credit Memo Amount.

Please suggest a solution for this bug!

Example:-

A/R INVOICE is of Rs 100000 (Gross before TCS), on that Rs 100 TCS is added according to 0.1% TCS Rate, now when an A/R CREDIT MEMO is created for Rs 20000 based on that A/R Invoice, the TCS that is coming automatically is Rs 100, instead of Rs 20 (0.1% of Rs 20000).

[narayanis]

Hi,

One has to manually enter the taxable amount to enable the system to calculate the TDS / TCS proportionately.

[rishiagrhmc]

When Return Request is being used in the workflow, we don’t have an option to manually enter the amount also

[former_member738404]

I also face this issue TCS charged to customer wrongly. Now customer required TCS Credit Note then he will pay amount.