(IND) Calculate TCS on invoices using the Free text invoice form

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Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

备注

This topic has not been fully updated for Microsoft Dynamics AX 2012 R2.

Tax Collected at Source (TCS) is calculated on various types of sales transactions, and is the tax amount above the invoice amount that is collected by the seller of goods from the buyer.

If you attach a cash discount to an invoice, TCS is calculated before calculating the cash discount for the invoice.

  1. Click Accounts receivable > Common > Free text invoices > All free text invoices.

  2. Create a free text invoice in the Free text invoice form and enter the required details.

  3. Click the Invoice tab. The nature of the assessee of the customer is displayed in the Nature of assessee field.

    备注

    TCS is calculated only if the Calculate withholding tax check box is selected for the customer on the Setup tab of the Customers form.

  4. Click the Invoice lines tab to create invoice lines, and enter the required details.

  5. Click the Tax information tab. Under the Company information field group, the company name is displayed in the Name field. You can select the name of alternate addresses that are set up for the company in this field.

    备注

    Click Organization administration > Setup > Organization > Legal entities.

  6. Click Withholding tax to open the Temporary withholding tax transactions form and view the tax details.

  7. Click Threshold to open the Threshold form, where you can view the threshold limit defined for the TCS tax component that is attached to a specific TCS tax code.

  8. Click Designer to open the Formula designer form, where you can view the formula that is defined for a specific TCS tax code.

  9. Close the Temporary withholding tax transactions form.

  10. Post the free text invoice in the Free text invoice form.

    备注

    The TCS amount is posted to the payable account defined for each TCS tax code in the TCS group. Click General ledger > Setup > Withholding tax > Withholding tax codes.

See also

(IND) Free text invoice (modified form)

(IND) Maintain sales tax transactions for Accounts receivable