How to manage TDS on purchase of goods in Gofrugal ERP?

How to manage TDS on purchase of goods in Gofrugal ERP?

TDS will be deduced on purchase of goods effective from 1st July 2021. TDS of 0.1% will be deducted by the buyer if the purchase from a particular seller goes above 50 lakhs. TDS will be deducted only when the buyer's turnover goes above Rs. 10 Crores. If not, then TCS will be collected. If the turnovers of both the parties are less than 10 crores then, neither TDS not TCS will come into picture.

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RetailEasy (Rpos7)
ServeEasy/ RetailEasy (Rpos 6.5)
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