1. Localizations for India Implementation Guide
  2. R75I627 – Form 27D- Certificate for collection of TCS

R75I627 – Form 27D- Certificate for collection of TCS

Run the Form 27D- Certificate for collection of TCS program to print Form 27D, suppliers require to submit to the customers after collecting the tax on various transactions. You can use this program to print the tax collected at source (TCS) certificate in the summary or detailed format. This report displays various sections on the TCS certificate, which are:

  • Summary of Payment: This section displays the amount of payment, nature of payment, and the date the payment is received. However, when you run this report in the Summary format, the system displays only the total amount in this section and lists the payment details categorized by challan numbers in the Annexure section. This report reads from the TCS Prepayment to Tax authority (F75I612) and TCS Payment Details (F75I604) tables. The system categorizes this section on the basis of item collection code.

  • Summary of tax deducted at source in respect of Deductee: This section displays the receipt numbers and amounts of tax deducted and remitted based on each deductee. The system categorizes this section on the basis of receipt number.

  • Details of tax deducted and deposited in the central government account through challan: This section displays the details of the TCS and the bank where the supplier deposits the TCS. The system categorizes this section on the basis of challan number.

Other than these sections, the system displays a Verification section that displays details of the person signing the TCS certificate.

When you run the Form 27D- Certificate for collection of TCS report in Summary mode, it displays the dates of transactions in the Annexure section. The report does not display any date details in the Summary of Payment section.