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Former Member

TCS in Scrap Pricing procedure

Hello Experts

I need to Configure (insert) TCS C.Type (with Cess, ECess) in the client's Scrap Pricing procedure. I undestand that we need to configure Withholding tax type for this. Pls advise me, on what exact value is TCS,Cess & Ecess calculated upon?

Thanking you for your time.

Rgds

Sumanth.Gururaj

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4 Answers

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    Former Member
    Sep 09, 2010 at 06:36 AM

    Hello Dear,

    TCS should be calculate on sum of - Material cost + Excise Duty + Edu.Cess + Higher Edu cess + Tax (VAT/CST)

    you can create new condition type & assign it in pricing procedure.

    Thanks.

    Santosh Gawali

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  • Sep 09, 2010 at 02:41 PM

    It should be calculated on Base Price + BED + ECess + Tax

    thanks

    G. Lakshmipathi

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    Former Member
    Sep 10, 2010 at 06:14 AM

    Subject is widely discussed in various threads,pl search forum,if you have any specific queries,please post it here.

    Refer SAP Note 1168591 - Tax collected at Source (TCS) u/s 206C for sales in India

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    Former Member
    Oct 08, 2010 at 11:46 AM

    Can you post the link which has the appropriate answer to this query?

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