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Address Noida, sec-2 uttar pradesh
Email info@edatabook.com
Phone +91-1234567890

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FAQ on Anti-profiteering provisions (19)
FAQ on A (1)
TCS (26)
GST RATE 1 (17)
GST RATE 2 (31)
GST RATE 3 (37)
GST traders (31)
FAQ on Composition levy (30)
FAQs on GST on Services (13)
FAQ on Cooperative Society as on 5th sept. 2017 (4)
FAQ (Part II) on real estate sector dated 14th May, 2019 (26)
Financial Services (16)
Tweet FAQs (77)

At what time should the e-commerce operator collect TCS?

TCS is to be collected once supply has been made through the e-commerce operator

Whether TCS to be collected on exempt supplies?

No

Whether TCS to be collected on supplies on which the recipient is required to pay tax on reverse charge basis?

No

Whether TCS is to be collected in respect of supplies made by the composition taxpayer?

As per section 10(2)

Whether TCS is to be collected on import of goods or services or both?

TCS is not liable to be collected on any supplies

Is there any exemption on Gold, owing to the fact that rate of GST is only 3% and TCS on it would erode the margin for the seller?

No

Whether payment of TCS through Input Tax Credit of operator for depositing TCS as

No

Under Section 52, ecommerce operator collects TCS at the net of returns. Sometimes sales return is more than sales and hence can negative amount be reported?

Negative amount

What is the time within which such TCS is to be remitted by the e-commerce

The amount collected

How can actual suppliers claim credit of TCS?

The amount of TCS deposited by the operator with the appropriate Government

How is TCS to be credited in cash ledger? Whether the refund of such TCS credit lying in the ledger would be allowed at par with the refund provisions contained in section 54(1) of the CGST Act, 2017

TCS collected is to be deposited by the e-commerce operator

Whether interest would be applicable on non-collection of TCS?

As per section 52

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