Hi,
I am an online seller and want to understand weather i can take ITC on the TCS charged by marketplace
TIA
[Ecommerce] Can we take gst ITC for TCS charged by marketplace
Replies (4)
first accept the tcs credit received and file your return... then only the tcs credit will be reflected in electronic cash ledger and you can claim it
Thank you so much @ shailendra your answer is very helpful..
where to accept TcS , is it to be accepted on Gst site
I think in return dashboard if you enter the financial year and month, you can see " TDS and TCS credit received". If you click that you can see four tables - TDS credit received, amendment to TDS credit, TCS credit received, amendment to TCS credit. You can accept the credit, verify and file return. Then it will be reflected in your electronic cash ledger
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
