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TCS IN GST

Rahul Mosekar (1 Points)

25 November 2020

what is TCS in GST, it is applicable only to e-commerce company?

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gameplaysNmore (96 Points)
Replied 25 November 2020

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

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 25 November 2020

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%.

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