Setup Requirements for TCS
This table lists the TCS setup requirements for India:
Setup Requirement |
Comments |
Cross-Reference |
---|---|---|
Set up tax types and adjustments for TCS. |
You use the Price & Adjustment Details Revisions program (P4072) to enter price adjustment details. |
|
Verify that the adjustment name is set up in UDC table 40/TY. |
You use the 40/TY UDC table to set the adjustment name. |
n/a |
Map tax adjustments to tax types. |
You use the Relation Adjustment Name / Tax Type program (P75I006) to enter the tax type and tax regime for a price adjustment name. |
|
Enter supplier records for TCS tax authorities. |
You create an address book number for tax authority using Address Book Revisions program (P01012). |
|
Set up the TCS rate that is applicable on the receipts received on sales of goods. | You set up the TCS rate, ceiling rate limit, and penalty rate using the Work with TCS Rate Master program (P751864) |