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.