An ECO which needs to deduct TCS @ 1% under GST while making payment to the vendor.
Can he also deduct TDS for the same transaction i.e. Both TDS and TCS for a single transaction?
Replies (2)
Quick Summary
This discussion explores whether an e-commerce operator needs to deduct both TCS (Tax Collected at Source) under GST and TDS (Tax Deducted at Source) for a single vendor transaction. While some believe only TCS applies at 1% (0.5% CGST & 0.5% SGST or 1% IGST), others suggest only TDS is relevant for e-commerce. An expert opinion is sought to clarify this.
I think only tcs will have to deduct under gst for e -commerce operators.............as .5% cgst & .5% as sgst & 1% for igst ........... but wait for an expert's answer...........