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mkhera
Level 1

Want to Add TCS Component in Invoice

 
1 Comment 1
ChristieAnn
QuickBooks Team

Want to Add TCS Component in Invoice

Hi there, mkhera.

 

Thank you for visiting QuickBooks Community. I'll share details about the TCS option and route you to the right person that will help with this.

 

Currently, there's no option to make or add TCS(Tax collected at Source) Component in the invoice. This is because TCS is not yet supported by QuickBooks Online for the deduction.

 

However, I suggest consulting an accountant. They can provide you other alternative ways on how to properly enter this TCS into the system. This is to ensure that the account stays accurate and the TCS will be reported correctly on your tax information.

 

Please check this article to see different information about QuickBooks for GST and how this affects QuickBooks users: How GST impacts QuickBooks users.

 

I also recommend visiting our QuickBooks Blog. This way, you'll be guided with updates and newly released features in QuickBooks.

 

If there's anything else I can assist you with, feel free to visit the Community again. I'm always here for you. Have a nice day.