What is TCS 1%?

What is TCS 1%?

 

How to claim a rebate in Hotel Industry for TCS. The Online portals like GOIBBIO, MMT deduct 1% TCS in their booking to hotel rooms .....What is the process of claiming back that refund for a HOTEL 

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Quick Summary
This discussion explains the 1% Tax Collected at Source (TCS) deducted by online travel portals in the hotel industry. It provides guidance on how hoteliers can claim this TCS rebate. The process involves filing the TCS return online via the GST portal and utilising the amount shown in your GSTR2A and cash ledger to offset your GST liability.

File tcs return online for the month deposited by online portal available at GST Portal in return after logging with your credentials

Kindly explain how to claim the TCS which is now reflecting in GSTR2A......what is the process ...TIA

TDS and TCS are show in cash ledger so you can directly pay your GST liability therefrom

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