When you create an invoice or bill, you will see the TDS field where you can create and apply the respective TDS rates. Here’s how:
|Section||Select the applicable TDS Section.|
|Rate||The percentage of TDS deducted.|
|Tax Name||Name of the tax that’s deducted.|
|TDS Payable Account||Other current liability account that is used to track the TDS deducted from vendors (TDS on purchases).|
|TDS Receivable Account||Other current asset account that is used to track the TDS deducted by your customers (TDS on sales).|
and GST filing.