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TCS IN GST
what is TCS in GST, it is applicable only to e-commerce company?
Replies (2)
Quick Summary
TCS is applicable to below mentioned companies:-
1) Central Govt
2) State Govt
3) Local Authority
4) Statutory Corporation
5) Companies registered under company act
6) Partnership Firms
7) Co Op Societies
8) Any person or Huf
1) Central Govt
2) State Govt
3) Local Authority
4) Statutory Corporation
5) Companies registered under company act
6) Partnership Firms
7) Co Op Societies
8) Any person or Huf
In section 52 of CGST Act
E-commerce Operator are liable to collect TCS on GST.
The dealers or traders supplying goods and/or services through e-commerce operators will receive payment after deduction of TCS @ 1%.
E-commerce Operator are liable to collect TCS on GST.
The dealers or traders supplying goods and/or services through e-commerce operators will receive payment after deduction of TCS @ 1%.
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