Transcript

This video explains how to enable and use the TCS (Tax Collected at Source) feature in Vyapar. You will learn how to set TCS rates, apply them in invoices, and check TCS reports for your business.

Step1. Open Vyapar Settings
Go to the left menu and open Settings → Taxes & GST.

Step2. Enable the TCS Option
Turn ON the TCS toggle to start using the feature in your business.

Step3. Add Your TCS Rates
Open Manage TCS Rates → click New → enter your TCS rate → save it.

Step4. Apply TCS to an Invoice
Create a new invoice, scroll down, choose a TCS rate from the dropdown, and save the invoice.

Step5. Check TCS Payable Report
Go to Reports → open TCS Payable (Form 27EQ) to see how much TCS you have collected and need to pay to the government.

Step6. Check the TCS Receivable Report
Open the TCS Receivable report to see how much TCS you can claim from the government. Export or print the report if needed.

Using the TCS feature in Vyapar makes tax collection easy and accurate. You can set the right rates, apply them in invoices, and track all payable and receivable TCS in one place, helping you stay compliant and organised.

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