Transcript

This guide explains how to enable, set up, and apply TDS correctly inside Vyapar using a simple, step-by-step process.

Step 1: Enable the TDS Feature
Open Vyapar Billing Software, go to Settings, and then open Taxes & GST Settings. Here, turn ON the TDS option to activate TDS inside your transactions.

Step 2: Manage or Create TDS Rates
Click Manage TDS Rates. You’ll see default TDS rates already added. You can edit them as needed or create a new TDS rate using Add TDS Rate by entering the Section, Tax Name, and TDS Percentage.

Step 3: Start a New Transaction
Create a new Purchase (or Sale) transaction. Enter all details like party name, invoice number, items, and taxable amount as you normally do.

Step 4: Apply TDS to the Transaction
Scroll to the TDS section in the invoice. Select TDS and choose the correct TDS rate from the list. The TDS amount will be calculated automatically based on the taxable amount.

Step 5: Understand the Calculation
TDS is always calculated on the taxable amount, but is deducted from the final amount payable.
Example: If taxable amount = ₹50,000 and TDS = 10%, then TDS = ₹5,000.
You will pay ₹45,000 to the contractor and deposit ₹5,000 with the government.

Step 6: Track TDS in Reports
Go to Reports → Taxes to view TDS Payable (for purchases) or TDS Receivable (for sales). You can also see TDS amounts under Liabilities in the Balance Sheet for proper tracking.

Vyapar’s TDS feature makes it easy to calculate, deduct, and track TDS with accurate records and clear reports. By following these steps, you can manage TDS confidently and stay fully compliant with tax rules.

Read More