2025年1月9日 · This article will give you information about what is TCS and how it works under GST. Tax Collected at Source (TCS) under GST means the tax collected by an e-commerce operator from the consideration received by it on behalf of the supplier of goods, or services who makes supplies through the operator’s online platform.

2025年1月28日 · Let's explore the basics of TDS and TCS under GST, rates, calculations and much more in this article. Here's what we have covered-TDS under GST: Basics and Applicability; Impact of TDS under GST on Government Civil Contractors; TCS in GST for the e-Commerce Sector: Compliance and Rates; Impact of the TCS in GST on e-Commerce Operators

2025年1月10日 · TCS under GST is a method of collecting tax at the time of sale. It’s applicable to e-commerce operators. The seller collects TCS at 1%, typically from 0.5% to 1%. The TCS rate generally is 0.5% for intra-state supplies and 1% for inter-state supplies, with some specific exceptions where higher rates apply.

2024年2月9日 · TCS on GST refers to the tax collected by an e-commerce operator from the consideration received on behalf of the supplier of goods or services who makes supplies via the operator's online platform. TCS is calculated as a percentage of net taxable supplies. Section 52 of the CGST Act deals with the provision of TCS under GST.

2023年9月19日 · What Is TCS under GST? TCS, or Tax Collected at Source, is a tax a seller collects from a buyer during the purchase of certain specified products. The seller collects the tax but submits it to the government. Therefore, it is an indirect tax that a seller has to pay the government but which is ultimately paid by the buyer.

2022年5月13日 · In GST, the obligation to collect tax at source has been placed upon Electronic Commerce Operators and no other class of suppliers. TCS refers to the tax which is collected by the e-commerce operator when a supplier supplies some goods or services through its portal and the payment for that supply is collected by the e-commerce operator.

2022年9月19日 · TCS stands for Tax Collected at source. In the GST regime, every e-commerce operator needs to collect 0.5% under CGST Act and 0.5% under SGST Act; In case of inter-state transactions, 1% (under IGST Act) on the net values of taxable supplies made through the e-commerce operator.

2025年2月13日 · Understand Tax Collected at Source (TCS), its meaning, examples, GST applicability, deduction, refund process, and how to claim it effectively.

2024年12月24日 · TCS under GST refers to the tax collected by e-commerce operators on the net value of taxable supplies made through their platforms. This amount is collected at a fixed rate (currently 1%) and deposited with the government. TCS aims to ensure traceability of transactions, reduce tax evasion, and simplify compliance for e-commerce sellers.

Who needs to register under GST as a TCS? TCS stands for Tax Collected at source. In the GST regime, every e-commerce operator needs to collect 0.5% under CGST Act and 0.5% under SGST Act; In case of inter-state transactions, 1% (under IGST Act) on the net values of taxable supplies made through the e-commerce operator.