TCS Debit Note Transaction

Here are the steps for TCS Debit Note Transaction. To learn more, you can also watch this RADIX Online tutorial video:

For TCS Debit Note Transaction in Radix, select the desired company.

Firstly, we need to create a new day-book.

1. Go to Masters > Day-books.

2. Day-books entry form will open. Set details here such as:

Name - Enter Debit Note TCS name here.

Code - Enter DBNTS01 code here.

Type - Select Sales Return option here.

GST Sub Type - Select GST Debit Note option here.

Account - Press F4 key and select TCS Payable account here form the list displayed.

Status - Tick on this option.

3. Click on 2 Inventory Tab and select other details such as:

Allow Edit Line Item Amount - Tick here to allow editing line item amount during transaction.

Allow Zero Quantity - Tick here to allow zero quantity line item amount during transaction.

4. Click on 5 GST Details Tab and select other details such as:

Is GST Applicable - Un-tick this option.

5. Click on Save button. Debit Note TCS day-book will be created.

Next, 1. Go to Transactions > Sales > Outward Debit Note (GST).

2. List of day-books will be displayed. Select Debit Note TCS day-book from the list of options displayed.

3. Day-books entry form will open. Set details here such as:

Date - Enter the date of transaction here.

Account - Press F4 button and select the desired account from the list of options displayed.

Item - Press F4 button and select TCS item here from the list of options displayed.

Amount - Enter the TCS debit note amount here.

4. Click on Save button. TCS Debit Note Transaction will be saved.