4 Replies Latest reply: Jul 6, 2012 10:42 AM by Jaymin Bhatt RSS

TCS Accounting Entry

Rama Krishna
Currently Being Moderated

Dear All,


Could you confirm my Tax collected at source accounting entry.


We are passing entry through Billing from SD.


Customer Dr    1500

Scrap Sales Cr 1000

VAT Payable Cr 300

TC Clearing Cr 200 (JTS )

TCS Clearing Dr 200 (WIT)

TCS Payable Cr  200 (Off setting)


waitinf for your confirmation.





  • Re: TCS Accounting Entry
    M Madhu
    Currently Being Moderated



    as per TCS functionality given by SAP

    there will three lines relates to TCS and above is correct.

    Please also refer the below notes for TCS.

    1168591 1291522 1224778



    Madhu M

  • Re: TCS Accounting Entry
    Rama Krishna
    Currently Being Moderated

    helpful with snotes.

  • Re: TCS Accounting Entry
    rahul sharma
    Currently Being Moderated

    Dear Experts,


    I want to know how these below accounting entries hit in GL account. TCS credited 8.93 rs but then it debited 10.what is the logic behind this or it is wrong entry?


    10001010200000018CHARAN DAS ENTERPRISES901.00INR**
    100010103010000060Sale Revenue850.00-INRA2

    1063000202VAT 5 % Payable42.50-INRA2

    1063000007TAX  COLLECTION AT S8.93-INRZ1
    100010103010000060Sale Revenue0.43INRZ1
    100010101063000007TAX  COLLECTION AT S10.00INR
    100010101063000070OFF SETTING TAX  COL10.00-INR
    • Re: TCS Accounting Entry
      Jaymin Bhatt
      Currently Being Moderated



      Rounding Rule would be requried to be assigned to both the SD Pricing Procedure as well as to the Withholding Code that has been created.


      GL Accounts would be dervied as per below:


      A) For VKOA Setting:


      For Ex.:


      V KOFI 1000 1001 ZTC 1531201 (Tax Collected at Source (TCS) Payable)

      V KOFK 1000 1001 ZTC 1531201 (Tax Collected at Source (TCS) Payable)


      Mention the "TCS Payable GL Account" with the Account Key in combination with Co. Code & Sales Org.


      B) For TCS FI GL Setting:


      For Offsetting Entries (Transaction - OFF)


      For Ex.:


      S1 S1 1531201 (Tax Collected at Source (TCS) Payable)


      For Clearing GL Setting:


      For Withholding Entries (Transaction - WIT)


      S1 S1 1492101 1492101 (TCS 206C Clearing Account)





      Jaymin R. Bhatt