TCS Outstanding Report
- You can view any TCS that is outstanding. You can either view it based on nature of good or party-wise.
- To view TCS Outstanding report
● Go to Gateway of Tally > Display > Statutory Reports > TCS Reports > TCS Outstandings .
The TCS Outstanding report displaying all the pending TCS payments appears as shown below:
To view the party-wise information
● Click F6:Party-wise .
A brief explanation about the report fields is given below:
| Field Name | Description |
| Nature of Goods | Displays the name of the nature of goods, contracts,license or lease as specified in the duty ledger which was used in recording the sales entry where tax was collected. |
| Company | Displays the total amount of tax collected from parties of Company-resident and Company – Non Resident buyer or lessee type for whom sale transactions were recorded. |
| Non-Company | Displays the total amount of tax collected from parties of Individual/HUF – Resident and Individual/HUF – Non Resident buyer or lessee type for whom sale transactions were recorded. |
| Total Pending | Displays the total outstanding amount of all TCS pending payment to be made. |
To view the transaction details of each nature of payment
1. Select the required nature of payment and press Enter .
The TCS Nature of Payment Outstandings report for the selected nature of payment appears as shown below:
2. Click F7: Collectee Type to view the report of the selected nature of payment to only company or non-company collectees.
3. Click F12: Configure to change the display of report in terms of the following options:
● Range of Bills to show
● Appearance of Names
● Sorting Method
A brief explanation about the report fields is given below:
| Field Name | Description |
| Date | Displays the date of recording payment, journal or purchase voucher. |
| Ref. No. | Displays the reference number entered in the payment, journal or purchase voucher. |
| Party’s Name | Displays the party name from where TCS is collected and the payment for the same are yet to be made. |
| Opening Amount | Displays the opening amount of TCS. |
| Pending Amount | Displays the pending amount of payment to be made to the government. |
| Due On | Displays the last date of payment. |
| Overdue By Days | Displays the number of days passed after the due date. |