How to implement TCS (Tax collected at source) tax in SAP B1?

[former_member576093]

Hello World!!

I have following scenario which needs to be build in SAP B1 for HANA for collecting TCS tax for Indian localization.

1. It is applicable from 01^st Oct,2020.

2. It will be deducted when we receive amount above Rs. 50,00,000/- from a customer.

3. TCS rate will be for a PAN holder customer from which we will receive more than 50 Lakhs deduction is 0.075% of receipt amount or if don’t have PAN deduction is 0.1.% on payment received over 50 Lakh.

4. Threshold Limit of Rs. 50 Lakh will calculated based on PAN of customer.

Kindly suggest a work around or is there any solution in standard version of SAP B1?

[former_member576093]

Kindly brief on solution pls.

Much thanks

[vigneshg1992]

Hi, for the above said points i need the configuration steps. Kindly brief how to do the configuration for S4 Hana