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Environment:


- Odoo Version: 18.0 (Enterprise)


- Module: Accounting - TCS Calculation


Question: 

Does odoo has a feature to calculate TCS based on the Indian TCS rules auatomatically during invoicing? 


That is,When seller sells goods /services to customer reaches more than 50 Lakhs in current fiscal year, system should automatically calculate the TCS for the exceeded amount and it should create ledger postings automatically for the calculated TCS value. 


If this works, Please suggest the step by step approach to enable this 


If not so, then what would be the recommanded solution for this?


Any guidance on verifying this feature would be greatly appreciated. Technical implementation details or pointers to similar solutions would be helpful.

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Nejlepší odpověď

Hi Tenth Planet,

I hope you are doing well,

Can you check below link:

https://www.serpentcs.com/blog/odoo-accounting-498/setting-up-tds-and-tcs-tax-deduction-alerts-in-odoo-18-accounting-614

Thanks

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