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tio2impex
Level 1
posted
‎April 26, 2021 03:36 AM
last updated ‎April 26, 2021 3:36 AM

We need to add 2 different tax on single invoice 1) GST tax - This applicable on total invoice value 2) TCS tax - This is applicable on total invoice value + GST value

 
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1 Comment 1
JessT
Moderator
Moderator
‎April 26, 2021 05:14 AM

We need to add 2 different tax on single invoice 1) GST tax - This applicable on total invoice value 2) TCS tax - This is applicable on total invoice value + GST value

Hi tio2impex,

 

Welcome, and thank you for posting about TCS.

 

Currently, QBO does not support the calculation of TCS on invoices. I recommend sending feedback to our product development team to let them know that you need this feature for your business. Just click on the Gear icon and select Feedback.

 

In the meantime, you can try finding third-party apps that are capable of handling TCS calculations in your sales transactions.

  1. Open this link: https://quickbooks.intuit.com/app/apps/home.
  2. Change the flag icon to India.
  3. Search for an app. We're unable to give recommendations about this.

 

On the other hand, you can find quick references about taxes here. Just click on the Tax tile.

 

If you have other questions about taxes, just comment below, and we'll get back to you the soonest. Have a good one!

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