Setup Requirements for TCS Prepayments and Payments

This table lists the setup requirements for TCS prepayments and payments:

Setup Requirement	Comments
Verify that the TCS tax type (tax rate) is set up in the JD Edwards EnterpriseOne Advanced Pricing system.	Use the Sales Order Entry program (P4210) to enter sales orders and the Update Price program (R42950) to recalculate prices and costs.
Calculate TCS for prepayments.	You use the TCS Prepayment program (P75I603) to calculate the tax liability for the prepayment received from the customer.
Enter TCS payment details.	You use the TCS Prepayment to Tax Authority program (P75I604) to enter details about the TCS prepayment that is collected from the customer. This information is sent to the tax authority when you run the Form 27DCertificate for collection of TCS (R75I627) program.
Generate a sales order that includes the tax information in the invoice for the customer. You must update the sales order that is generated.	You use the Sales Update program (R42800) to update the sales order.
Update the TCS register.	You use the TCS Register Payment program (P75I601) to update the TCS payment details and generate vouchers for TCS payments for a specific customer.
Update the TCS receipt number.	Use the TCS Receipt Number Update program (R75I627R) to update receipt numbers for TCS payment and prepayment transactions.