Tax Collected at Source (TCS) is applicable at a rate of 1% for both intrastate (0.5% CGST and SGST each) and interstate (1% IGST)net taxable supplies under GST. Tax Deducted at Source (TDS ...

Further it is mandatory for every person who supplies goods/services through an e-commerce operator to get registered under GST. The rate of TCS is levied at 1% under CSGT, 1% under SGST and 2% under ...

The Central Board of Indirect Taxes and Customs (CBIC) has clarified that for the purpose of calculation of GST on a particular good, the tax collected at source (TCS) would not be included in the ...

According to the GST law, every ecommerce operator is required to collect TCS at 1% of the taxable value of goods or services sold through its platform The confusion on the liability of the TCS ...

However, the date from which tax deducted at source (TDS) or tax collected at source (TCS) is to be done will be notified later. The GST Council, at its 21st meeting in Hyderabad, decided to open ...

The IT major TCS alone received half dozen demand notices from Chennai, Goa, Visakhapatnam, Uttar Pradesh and Bengaluru. The Vishakapatnam GST office levied the highest demand of Rs 1.17 crore on TCS.

Under the Goods and Services Tax (GST) law, every e-commerce operator is required to collect TCS at the rate of 1 per cent of the taxable value of goods/services sold through its platform.

The GST Council on July 11 is expected to clarify on the TCS liability of suppliers engaged in ecommerce trading through Open Network Digital Commerce in cases where multiple operators are ...

The GST Council on July 11 is expected to clarify on the TCS liability of suppliers engaged in e-commerce trading through Open Network Digital Commerce in cases where multiple operators are ...