As per the budget 2021, government has inserted new sections:
TDS u/s 194Q on purchase of goods of the value or aggregate of such value exceeding 50 Lakh INR in any FY shall at the time of credit of such sum to the account of the seller or at the ...
As per the Finance Act 2020, a new amendment was introduced with respect to TCS (Tax Collected at Source) for section 206C with effect from 1st of October, 2020. Tax collected at source (TCS) is the tax payable by a seller which he collects from the ...
Hi Alejandro,
Please go through the TCS FAQ note 2963124:
Q7. What is the condition type JTC2 for?
A7. JTC2 condition type is for TCS others like Sale of Alcoholic liquor, timber, tendu leaves etc.
JTC2 if for goods other than 206c(1H) where thres...
Hi Katja,
You can go through below KBA.
2108831 - Withholding tax - rounding
If you still have doubts you can raise an incident in XX-CSC-IN-FI component.
Regards, Punith
Hi Katja,
You need to create a Z routine from the sample code provided in the note 2977148. Once this routine is assigned to JITC condition in tax procedure, TCS will be calculated in PO/MIRO based on the entries maintained in the J1IGTCSMM transact...
Hi Mert,
I assuming that you are trying to stop TCS 206C applicability because of TDS 194Q applicability at buyer side, if this is the case you can go through note 3044961 and the blog which I have created explaining the same. https://blogs.sap.com/...
Hi Katja,
If you have already created tax codes for GST(CGST, SGST or IGST) and want to capture TCS with the same tax codes then you can create condition records for TCS condition type with these tax codes in FV11(for MIRO) or FTXP(for FB60).
If yo...
