sales of goods, TCS will be deducted based on PANs. If multiple customers have the same PAN, all transactions by those customers will be accumulated and compared to the threshold that is prescribed by the government. You can also accumulate the purchase threshold based on the PAN...
In simple words, E-commerce operator needs to collect GST when it supplies taxable goods/services on behalf of other suppliers. Supplies made by the e-com operator on its own account are not subject to TCS requirements. 3. What are the requirements for registration as a TCS collector?
Yes. Form 26AS contains details of Tax Collected at Source (TCS) by the seller of specified goods when the seller sold you such goods. Form 26AS displays the details of the seller, as well as the TCS amount, and the transaction on which tax was collected. If a buyer has a PAN and ...
Applicability of GST Registration for E-Commerce Collecting TCS The obligation to collect and remit tax falls squarely on the shoulders of online aggregators under the Goods and Services Tax Act. Currently, TCS costs are calculated at a rate of 1% per transaction. As soon as the duty is colle...
sales of goods, TCS will be deducted based on PANs. If multiple customers have the same PAN, all transactions by those customers will be accumulated and compared to the threshold that is prescribed by the government. You can also accumulate the purchase threshold based on the PA...
sales of goods, TCS will be deducted based on PANs. If multiple customers have the same PAN, all transactions by those customers will be accumulated and compared to the threshold that is prescribed by the government. You can also accumulate the purchase threshold based on the ...