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Overview of TDS on Purchase of Goods
Process of TDS on Purchase of Goods in Marg ERP Software
Process to View TDS Report in Marg ERP Software
a. TDS on Purchase Y-Amount + All Tax O-Amount + GST E-Amount N-No: Here, the user will select Y i.e. Amount + All Tax.
b. Calculate only if customer Purchase Cross……. 5000000: It means if the buyer’s purchase value is above 50 lacs then TDS will be calculated on it.
c. Calculate from Date: Mention the date i.e. from which date it will be applicable (01-07-2021).
d. % (Percentage) on PAN Customer: It means that if the customer provides their PAN Card then 0.1% TDS will get deducted.
e. % on without PAN Customer: It means that if the customer doesn’t provide their PAN Card then 5% TDS will get deducted.
Now let’s generate a Purchase bill.