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chinmayvaidya7
Level 1
posted
‎September 26, 2019 04:20 PM
last updated ‎October 05, 2020 7:38 PM

Hello. i am a hotelier and I receive bookings fro Goibibo etc. How do I show commission charges, GST on Commission charges and TCS? In addition, How do I Settle payment

 
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2 Comments 2
svaishnavi
Moderator
Moderator
‎September 26, 2019 04:20 PM

Hello. i am a hotelier and I receive bookings fro Goibibo etc. How do I show commission charges, GST on Commission charges and TCS? In addition, How do I Settle payment

Hi Chinmay,

Welcome to QuickBooks Community!

Since you are the one paying the commission, you can record it as an expense. Choose the right GST rate amount and apply it. It will calculate the tax accordingly.

TCS is not supported by QuickBooks.

Hope this helps!

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Jayendra-Gaonkar
Level 1
‎September 26, 2019 04:20 PM

Hello. i am a hotelier and I receive bookings fro Goibibo etc. How do I show commission charges, GST on Commission charges and TCS? In addition, How do I Settle payment

I believe the TCS is deduced by the recipient while making the payment to the supplier and need not to be shown on GST invoice <a rel="nofollow" target="_blank" href="https://questions.gstindianews.info/top-faq-on-tcs-in-goods-and-service-tax/">https://questions.gsti...>
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