How to enable Tax Collected at Source (TCS) in Munim?

To enable TCS in Munim please follow the steps given below.

Step 1: Enable TCS in General Settings

  • Visit “Settings > Statutory Information > TCS Details > Edit.”
  • Toggle the “Enable Tax Collected at Source (TCS)?” option to “Yes.”
  • Fill in the required fields as indicated.
  • Save your changes.

Step 2: Enable TCS for a Specific Customer

  • Navigate to “Masters > Account” and select the customer from the list and click edit.
  • Activate the “Set / alter statutory information?” option by setting it to “Yes.”
  • Enable the “Is TCS applicable?” option.
  • Click “Save” to confirm and store the changes.

Step 3: Select the TCS Section while creating an Invoice

  • After enabling TCS you have to select TCS Section in the Invoice creation page.

Congratulations! Tax Collected at Source (TCS) is now active in your Munim accounting software. If you need further assistance, review the provided instructions or contact Munim support for guidance.