A summary of GST TCS provisions for e-commerce operators, covering collection, deposit, returns, exemptions, and compliance ...

TDS and TCS have impacted various sectors under GST, which will be discussed below. This article covers the following topics: Tax Collected at Source (TCS) is applicable at a rate of . Brands ...

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

TCS under GST from today; A critical step for e-commerce players Flipkart, Amazon, here’s why Every electronic commerce operator (“operator”), who is not an agent, is eligible to collect TCS at ...

However, to make it simpler for businesses in the initial months of rollout, TDS/TCS provisions of GST laws were kept in abeyance till June 30. Later on, it was deferred till September 30, 2018.

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 ...

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.

FICCI welcomes the policy announcement of deferment of Tax Collection at Source (TCS) Provision Under GST”. “TCS would have a direct impact on the sellers of the marketplace, who are generally small ...

The GST Council, at its 21st meeting in Hyderabad, decided to open registration of persons liable to deduct TDS and TCS from 18 September. As per the Central GST (CGST) Act, the notified entities ...

TCS iON, a strategic unit of IT major Tata Consultancy Services has tied up with Laghu Udyog Bharati, an association of small and micro industrial units to launch GST related content that can help ...