TCS means Tax Collected at Source. It is a process where the tax is collected by the e-commerce operator when a supplier sells goods and services through its portal, and the payment received by the e-commerce operator.
To setup TCS in your organization, follow the steps below:
- Login to your Deskera account.
- Click on settings via the sidebar menu.
- Select TCS setup.
- On this page, click on the "Add TCS rate" button.
- Fill in the fields in the pop-up menu:
![](https://www.deskera.com/care/content/images/2022/04/Screenshot-2022-04-19-at-3.09.30-PM.png)
- Nature of collection: Choose or create a new nature of collection here
- TCS Rate: Enter the TCS rate
- Tax Name: Enter the tax name
- TCS Payable Account: Choose the relevant account for TCS payable
- TCS Receivable Account: Choose the applicable account for TCS Receivable
6. Once you are done, click on the Save button.
![](https://www.deskera.com/care/content/images/2022/04/Screenshot-2022-04-19-at-3.20.15-PM.png)
7. You can edit the TCS rate after creating it. However, you cannot delete the TCS rate after you have saved it.
How to apply TCS in a bill document?
- Go to the Bills Module.
- Next, create a bill document.
![](https://www.deskera.com/care/content/images/2022/04/Screenshot-2022-04-19-at-3.28.43-PM.png)
3. Once you have added the contact and product, scroll to the bottom of the document. Click on the drop-down arrow on the TCS section. You can choose from the existing TCS rates, or you can create a new TCS rate here as well.
4. The bill document will be adjusted based on the TCS applied.
How to apply TCS in an invoice document?
- Go to the Invoices Module.
- Next, create an invoice document.
![](https://www.deskera.com/care/content/images/2022/04/Screenshot-2022-04-20-at-4.31.41-PM.png)
3. Once you have added the contact and product, scroll to the bottom of the document. Click on the drop-down arrow of the TCS section. You can choose from the current TCS rates or create a new rate here.
4. Click on the Save button.