Recommended
More Related Content
Similar to Condition record user manual
Similar to Condition record user manual (15)
Recently uploaded
Recently uploaded (20)
Condition record user manual
- 1. Maintain Condition record • Go to TransactionCode VK11 andmaintainconditionrecordsfor JTC1 • Maintainonlythose companycodeswhose previousyearturnoverisabove 10Crores (If Company turnoverislessthan10 Crores,thenTCS is notapplicable) • Maintainthe tax rates whentax classificationis0incustomermaster • If the PAN or Aadhaar ispresentfora customer,thenmaintain01 inMaintainedID fieldwith correspondingtax percentage • If the PAN or Aadhaar isnot presentfora customer,thenmaintain02 inMaintainedIDfieldwith correspondingtax percentage • Maintainthe same for all HSN code that belongstosection206C(1H) • The 50 Lac sale considerationcheckwill be done inthe routine 364 Maintainconditionrecordfor JTCB conditionviaVK11 to derive atthe base value forthe TCS. Thiswill be a statistical conditionandwillnotbe postedtoaccounting.