Hi,
I want to calculate TCS on scrap customers. I have some idea of creating one condition type in SD and calculate the tax. But the tax collected should be remitted to the Government as like the TDS right?
In J1ILN i found the menu for the customers for remitting the tax and bank challan update and certificate print. Are these menu meant for the TCS collected from customer? I think if we want to use this menu we have to maintain TAX TYPES AND TAX CODES in with holding tax.
Another menu i found in SPRO as link will be giving the tax types to the condition types. Will it work if i assign one tax type to the SD condition type?
Another thing is while taking the certificate printing for the customer in the above menu will it give in FORM NO 27D? If yes which form i have to use?
Kindly suggest to me. I will assign full points.
ssp