Transcript

This guide explains how to use the TCS (Tax Collected at Source) feature in the Vyapar app. TCS is a tax collected by the seller from the buyer and later paid to the government.

Step 1: Understand TCS Concept
 HSN (Harmonised System of Nomenclature) is a unique code for every product. It helps the government track GST rates for different items.

Step 2: Enable TCS in Settings
Open Vyapar – go to Settings – Taxes & GST – enable the TCS option. Once enabled, you will get the option to manage TCS rates.

Step 3: Create TCS Rate
Click on “Manage TCS Rates” – select “New Tax Rate” – enter details based on your business needs – save it. Your created TCS rate will appear in the list, and you can edit or delete it anytime.

Step 4: Apply TCS in Invoice
Create a new sales invoice → enter all required details. At the bottom, you will see the TCS option. Select the applicable TCS rate from the dropdown or create a new one directly from there.

Step 5: Save Invoice with TCS
After selecting the TCS rate, save the invoice. The TCS amount will be automatically added and shown in the invoice.

Step 6: View TCS Reports
Go to the Reports section. You will find:
TCS Payable Report: shows total TCS collected from customers (amount to be paid to the government).
TCS Receivable Report: shows TCS that can be claimed back.
You can filter, search, and export these reports in Excel or PDF.

By enabling and using TCS in Vyapar, you can easily manage tax collection, apply it in invoices, and track all records through detailed reports.

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