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TCS amount calculation after GST

Hi,

Please let me know the TCS amount calculation process after GST.

Before GST, we were using TCS tax code and during MIGO, it's value was not loaded on Material Price... In MIRO, we post the TCS amount in separate G/L.

Now, we are not using TCS tax code due to other Tax Code required (GST tax codes)....Hence, we create new Condition type for TCS and calculate the amount.

During PO, it is OK.....But during MIGO, it is showing TCS amount in separate G/L.... We don't requires TCS amount in MIGO (as per changes after GST).... It's required only in MIRO processing...

During MIRO, it is OK and post in separate G/L code, as required.

Please have a look on below screenshot.... (showing TCS amount against G/L code 7310505)

TCS amount should not pick in MIGO....

Please reply...

capture.png (104.9 kB)
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1 Answer

  • Aug 01, 2017 at 02:46 PM

    It seems you have created the TCS condition type in MM pricing procedure and the attributes of this condition type is same like as freight condition type.

    If you want to calculate it as like as deductable tax , then configure the condition type in your Tax procedure.

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