Tax Collected at Source (TCS) is a tax which the seller collects from the buyer at the time of selling the goods. The Government has added a New Sub Section (1H) under Section 206 C which means that a seller who is selling goods within India may require collecting TCS from the buyer. 

With the help of the Marg Software user can easily file the TCS Return for which firstly, the user needs to feed the TDS details & Misc. deductor details in the software.

1. Feed TDS Details.

2. Feed Misc. Deductor details

• Then go to Gst > TDS/TCS Reports > Form 27EQ (TCS).

• A 'Select TCS Ledger' window will appear. Press 'Spacebar' key to select 'TCS on sale' ledger.

• Then press 'Enter' key on it.

• Thereafter a 'Form 27EQ Details' window will appear. In 'Select period of TCS Return' option, the user will select '3rd Quarter'.

• After pressing 'Enter' key on it all the details will auto feel.

• Then click on View/Print/Excel/GUI etc. as per the requirement.

• Suppose Select 'GUI'.

• Then a 'Printer Port' window will appear. Select port as per the requirement then click on 'Ok.

After following the above steps, the TCS Return will get generated of the selected period.