How to create Tax Collected at source (TCS) in Receivables module
Summary:
How to create tax collected at source in receivables module on Gross amount of Invoice
Content (please ensure you mask any confidential information):
As per Income tax rules TCS is to be calculated on Base amount plus GST.
the Requirement is incase of Rs. 10000 invoice 18% GST to be charged i.e. 1800 and on this 11800 1%TCS to be charged. How can we setup this rate?
also this 1% is not for all services thus cannot club it with 18% GST rate.
Version (include the version you are using, if applicable):
Oracle Receivables fusion cloud 24 C
Code Snippet (add any code snippets that support your topic, if applicable):
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