Payment of TCS to government authorities

Use a Payment Journal or Bank Payment Voucher to record payment of collected TCS. The TCS action opens unpaid, unreversed TCS entries with a nonzero total for the payable account and T.C.A.N. number on the journal line. Apply additional filters, such as posting date or assessee code, to identify the entries to pay.

  1. [!INCLUDE [open-search](../../includes/open-search.md)] Enter Payment Journal or Bank Payment Voucher, and then choose the related link.
  2. Enter a Document No., select the TCS payable G/L account in Account No., and select T.C.A.N. No. Choose Tax Payments > TCS.
  3. Filter the Pay TCS page to the entries to pay, then choose Pay. The total of the filtered entries is transferred to the journal line.

  4. Complete the balancing bank account and other required journal fields, then post the journal. Posting marks the linked TCS entries as paid.

    GL Entries are as following:

    Particulars Amount
    TCS Payable Account 10000
    Bank Account -10000

TCS Overview

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