The amount collected by an ecommerce operator as GST TCS must be remitted with the Government before 10 days after the end of the month in which the particular amount was collected. This exercise allows the government to track non-reporting of sales transactions by E-commerce sellers. E.g....
Here is the detailed article on TDS & TCS under the GST law – a complete guide to understand the latest provisions & implementation of the same.
Also, all the other suppliers who supply Goods and services through an e-commerce operator should get them registered under GST. The rate of TCS deduction is at 1% under CSGT, 1% under SGST and 2% under IGST. Just like TDS, the amount of TCS paid to the government by an operator must...
GST TCS As per Section 52 of CGST Act, 2017, every e-commerce operator is required to collect tax at the rate of 1% (0.5% of CGST and 0.5% of SGST for intra state supply or 1% of IGST on interstate supply) on the net value of taxable supplies provided the supplier is supp...
TDS for a purchase invoice is calculated based on the default TDS group that is defined for the vendor or customer. In theTDS groupfield, select the default TDS group. 备注 When you select a TDS group in theTDS groupfield, theWithholding tax groupandTCS ...