{"id":19114,"date":"2022-10-28T10:59:37","date_gmt":"2022-10-28T10:59:37","guid":{"rendered":"http:\/\/34.100.199.175\/?page_id=19114"},"modified":"2023-07-17T08:17:52","modified_gmt":"2023-07-17T08:17:52","slug":"tcs-under-gst","status":"publish","type":"page","link":"https:\/\/mybillbook.in\/s\/tax\/tcs-under-gst\/","title":{"rendered":"TCS under GST"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><div class='ai-viewports ai-viewport-1 ai-insert-3-93806042' style='margin: 8px 0; clear: both;' data-insertion-position='prepend' data-selector='.ai-insert-3-93806042' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTMnIHN0eWxlPSdtYXJnaW46IDhweCAwOyBjbGVhcjogYm90aDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDQvdG9wLW5ldy1iYW5uZXIuanBnIiBhbHQ9Imdyb3cgYnVzaW5lc3MiPiA8L2E+CjwvZGl2Pgo=' data-block='3'><\/div>\n<script>\n  ai_run_766785935186 = function(){ai_insert_viewport_code ('ai-insert-3-93806042');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_766785935186 (); else document.addEventListener ('DOMContentLoaded', ai_run_766785935186);\n<\/script>\n<br \/>\n<\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<h1 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Tax_Collected_At_Source_TCS_Under_GST\"><\/span>Tax Collected At Source ( TCS ) Under GST<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_TCS\"><\/span>What is TCS?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Tax, the seller, collects from the buyer when they purchase a particular category of goods is TCS, or Tax Collected at Source.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The term &#8220;Tax Collected at Source&#8221; (TCS) in the context of GST refers to the Tax that an online marketplace operator collects from the payment it receives on behalf of a provider of goods or services who makes supplies through the marketplace operator&#8217;s online platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The TCS rate varies according to the type of goods, and the seller must deposit the Tax they have collected from the customer with the government. In other words, TCS is a tax the seller must pay to the government and then collect from the purchaser or lessee.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"TCS_Under_GST_example\"><\/span><span style=\"font-weight: 400;\">TCS Under GST example:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">M\/s. XYZ Stores, a proprietorship, sells clothing on Amazon. Being an online retailer, Amazon will be required to subtract TCS from the payment made on behalf of XYZ before it is paid.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_is_responsible_for_getting_TCS_under_GST\"><\/span><span style=\"font-weight: 400;\">Who is responsible for getting TCS under GST?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">TCS must be collected by certain operators who own, run, and oversee e-commerce platforms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">TCS only applies when operators collect money from customers on behalf of suppliers or vendors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In other words, the e-commerce companies must subtract a certain amount as TCS before paying the vendors the consideration they have been paid.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are a few TCS provisions that do not apply to services rendered through an e-commerce platform:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hotels and nightclubs (unregistered suppliers)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Using a motorcycle, motor cab, or radio taxi for passenger transportation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Plumbing, carpentry, and other housekeeping services (unregistered vendors)<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_vendors_under_TCS\"><\/span><span style=\"font-weight: 400;\">Types of vendors under TCS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The following businesses and individuals are classified as sellers for TCS:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Legal Organisation or Authority<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Cooperative Society<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Company Partnerships<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Company<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Local government<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Federal Government<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Central Administration<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Any HUF or person whose total sales and\/or gross receipts in the most recent financial year exceeded the monetary thresholds specified in Section 44AB.<\/span><\/li>\n<\/ul>\n<div class='ai-viewports ai-viewport-1 ai-insert-1-63913735' style='margin: 8px 0px 8px auto; text-align: right; display: block; clear: both; padding-left: 300px;' data-insertion-position='prepend' data-selector='.ai-insert-1-63913735' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTEnIHN0eWxlPSdtYXJnaW46IDhweCAwcHggOHB4IGF1dG87IHRleHQtYWxpZ246IHJpZ2h0OyBkaXNwbGF5OiBibG9jazsgY2xlYXI6IGJvdGg7IHBhZGRpbmctbGVmdDogMzAwcHg7Jz4KPGEgaHJlZj0iaHR0cHM6Ly9teWJpbGxib29rLmluL2NyZWF0ZS1hY2NvdW50LyI+IDxpbWcgc3JjPSJodHRwOi8vbXliaWxsYm9vay5pbi9zL3dwLWNvbnRlbnQvdXBsb2Fkcy8yMDIzLzA2L2J1dHRvbi0xNC1kYXlzLXRyaWFsLnBuZyIgYWx0PSJkb3dubG9hZCBhcHAiPiA8L2E+Cgo8L2Rpdj4K' data-block='1'><\/div>\n<script>\n  ai_run_236960415669 = function(){ai_insert_viewport_code ('ai-insert-1-63913735');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_236960415669 (); else document.addEventListener ('DOMContentLoaded', ai_run_236960415669);\n<\/script>\n<br \/>\n<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_consumers_at_TCS\"><\/span><span style=\"font-weight: 400;\">Types of consumers at TCS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A buyer\/consumer is a person who has the legal authority to purchase goods at any auction, tender, sale, or other transaction on behalf of a single or specific entity, person, or group of products.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The businesses and individuals that are not regarded as buyers for TCS or tax collected at source are as follows:-<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Central Administration<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Clubs such as social clubs and sports clubs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consulate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High Commission Embassy<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Governmental Organisations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Private Sector Organisations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Federal Government<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Representation of Any Foreign Nation&#8217;s Trade Committee<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-1-67815521' style='margin: 8px 0px 8px auto; text-align: right; display: block; clear: both; padding-left: 300px;' data-insertion-position='prepend' data-selector='.ai-insert-1-67815521' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTEnIHN0eWxlPSdtYXJnaW46IDhweCAwcHggOHB4IGF1dG87IHRleHQtYWxpZ246IHJpZ2h0OyBkaXNwbGF5OiBibG9jazsgY2xlYXI6IGJvdGg7IHBhZGRpbmctbGVmdDogMzAwcHg7Jz4KPGEgaHJlZj0iaHR0cHM6Ly9teWJpbGxib29rLmluL2NyZWF0ZS1hY2NvdW50LyI+IDxpbWcgc3JjPSJodHRwOi8vbXliaWxsYm9vay5pbi9zL3dwLWNvbnRlbnQvdXBsb2Fkcy8yMDIzLzA2L2J1dHRvbi0xNC1kYXlzLXRyaWFsLnBuZyIgYWx0PSJkb3dubG9hZCBhcHAiPiA8L2E+Cgo8L2Rpdj4K' data-block='1'><\/div>\n<script>\n  ai_run_354902693698 = function(){ai_insert_viewport_code ('ai-insert-1-67815521');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_354902693698 (); else document.addEventListener ('DOMContentLoaded', ai_run_354902693698);\n<\/script>\n<br \/>\n[\/vc_column_text][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"TCS_Rate_of_Goods\"><\/span>TCS Rate of Goods<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Product Types<\/b><\/td>\n<td><b>TCS Rate<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Tendu leaves<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Alcoholic beverages consumed by people<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Timber harvested from leased forests<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.5 %<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Quarrying, Toll Plaza, and Parking Lot<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Minerals such as coal, lignite, or iron ore\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">The forest product that does not consist of forest timber or tendu leaves<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Scrap<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Old and new cars may be sold if the price exceeds Rs. 10 lakhs.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Bullion if the price is over Rs. 2 lakhs, and jewellery if the price is over Rs. 5 lakhs (For any cash-paid invoice or receipt)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Providing any service, excluding payments more than Rs. 2 lakhs on which TDS has already been taken<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Selling any goods for which the cash purchase price exceeds Rs. 2 Lakhs<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"TCS_under_GST_registration_requirements\"><\/span>TCS under GST registration requirements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Any e-commerce operator responsible for collecting TCS (Tax Collected at Source) must register under GST (Goods and Services Tax). There is no threshold limit exemption for this.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This also applies to sellers who supply goods through an online portal of an e-commerce player. They, too, are mandatorily required to get registered under GST, with a few exceptions.<\/span><\/p>\n<h3><i><span style=\"font-weight: 400;\">Here are the requirements for registration:<\/span><\/i><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Every e-commerce business that is obligated to collect TCS must register for GST.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">All suppliers who engage in e-commerce, except those who make supplies, are subject to notification under section 9(5) of the CGST Act.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Note: The following services are listed in Section 9(5):\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Providing passenger transportation by radio-taxi and motorcycle\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lodging in hotels and guesthouses for residential\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lodging purposes (unregistered suppliers)\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Housekeeping services, such as plumber and carpenter work, etc. ( unregistered suppliers).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Service providers who offer goods or services through an online marketplace are not required to register if their combined annual revenue is less than Rs. 20 lakh or Rs. 40 lakh (assuming they do not make inter-state supplies).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manufacturers who offer their products on an e-commerce platform are not exempt from registration.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An e-commerce company that supplies goods or services to customers in multiple states must register for GST in each state.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"What_form_should_I_use_to_submit_TCS_returns\"><\/span>What form should I use to submit TCS returns?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">E-Commerce owners must submit <a href=\"https:\/\/mybillbook.in\/s\/gst-goods-and-services-tax\/gstr-8\/\" target=\"_blank\" rel=\"noopener\">GSTR-8<\/a> by the 10th of the month following the month in which the tax was collected.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This return won&#8217;t be submitted until the tax revenue has been paid to the appropriate governmental account.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, GSTR-8 is due on January 10, 2022, for December 2021.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Methods_for_calculating_the_taxable_value_of_supply_for_TCS\"><\/span>Methods for calculating the taxable value of supply for TCS<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The &#8220;Net Value Of Taxable Supplies&#8221; will be the basis for tax collection.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This net taxable amount will be determined as follows:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The total cost of taxable goods and\/or services supplied (other than notified services under GST law by all registered persons) &#8211; Taxable goods that the e-commerce operator has returned to the suppliers = the net worth of those taxable goods.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here&#8217;s an illustration to help you better understand:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A registered supplier, M\/s. ABC Ltd is providing items via an online retailer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In September 2018, it produced supplies worth Rs. 55,000,000. For September 2018, ABC Ltd. received items valued at Rs. 5,00,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this case, the e-commerce operator will deduct TCS at 1%, or Rs. 50,000, from the net value of the taxable supply for TCS collection, which is Rs. Therefore, Rs. 49,50,000 is the total amount due to the provider.<\/span>[\/vc_column_text][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-1-74637801' style='margin: 8px 0px 8px auto; text-align: right; display: block; clear: both; padding-left: 300px;' data-insertion-position='prepend' data-selector='.ai-insert-1-74637801' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTEnIHN0eWxlPSdtYXJnaW46IDhweCAwcHggOHB4IGF1dG87IHRleHQtYWxpZ246IHJpZ2h0OyBkaXNwbGF5OiBibG9jazsgY2xlYXI6IGJvdGg7IHBhZGRpbmctbGVmdDogMzAwcHg7Jz4KPGEgaHJlZj0iaHR0cHM6Ly9teWJpbGxib29rLmluL2NyZWF0ZS1hY2NvdW50LyI+IDxpbWcgc3JjPSJodHRwOi8vbXliaWxsYm9vay5pbi9zL3dwLWNvbnRlbnQvdXBsb2Fkcy8yMDIzLzA2L2J1dHRvbi0xNC1kYXlzLXRyaWFsLnBuZyIgYWx0PSJkb3dubG9hZCBhcHAiPiA8L2E+Cgo8L2Rpdj4K' data-block='1'><\/div>\n<script>\n  ai_run_915595902664 = function(){ai_insert_viewport_code ('ai-insert-1-74637801');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_915595902664 (); else document.addEventListener ('DOMContentLoaded', ai_run_915595902664);\n<\/script>\n<br \/>\n[\/vc_column_text][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"TCS_Due_Dates_for_the_Financial_Year_2023%E2%80%932024\"><\/span>TCS Due Dates for the Financial Year 2023\u20132024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\"><strong>Duration<\/strong><\/span><\/td>\n<td><strong>Quarter<\/strong><\/td>\n<td><strong>Due date for filing<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">From April 1 to June 30<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1st Quarter<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31st July 2023, Extended Till 30th Sept (Only for 26Q and 27Q)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">From July 1 to September 30<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2nd Quarter<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31st October 2023<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Between October 1 and December 31<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3rd Quarter<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31st January 2024<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Between January 1 and March 31<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4th Quarter<\/span><\/td>\n<td><span style=\"font-weight: 400;\">31st May 2024<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"The_TCS_provisions_impact\"><\/span>The TCS provisions&#8217; impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Before October 1, 2018, the deadline for implementing TCS requirements, e-commerce operators must register under GST in each state where they conduct business.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The ERP systems must be well connected for these provisions to be effectively implemented in day-to-day business operations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the suppliers who sell to e-commerce operators will have their working capital restricted until they file their returns and claim for the overpaid taxes. This may make it impossible for SME suppliers to offer their products or services through the website.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since the tax will be collected at every transaction, tax evasion will be considerably reduced from the government&#8217;s perspective.<\/span>[\/vc_column_text][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-1-47425083' style='margin: 8px 0px 8px auto; text-align: right; display: block; clear: both; padding-left: 300px;' data-insertion-position='prepend' data-selector='.ai-insert-1-47425083' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTEnIHN0eWxlPSdtYXJnaW46IDhweCAwcHggOHB4IGF1dG87IHRleHQtYWxpZ246IHJpZ2h0OyBkaXNwbGF5OiBibG9jazsgY2xlYXI6IGJvdGg7IHBhZGRpbmctbGVmdDogMzAwcHg7Jz4KPGEgaHJlZj0iaHR0cHM6Ly9teWJpbGxib29rLmluL2NyZWF0ZS1hY2NvdW50LyI+IDxpbWcgc3JjPSJodHRwOi8vbXliaWxsYm9vay5pbi9zL3dwLWNvbnRlbnQvdXBsb2Fkcy8yMDIzLzA2L2J1dHRvbi0xNC1kYXlzLXRyaWFsLnBuZyIgYWx0PSJkb3dubG9hZCBhcHAiPiA8L2E+Cgo8L2Rpdj4K' data-block='1'><\/div>\n<script>\n  ai_run_812136406872 = function(){ai_insert_viewport_code ('ai-insert-1-47425083');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_812136406872 (); else document.addEventListener ('DOMContentLoaded', ai_run_812136406872);\n<\/script>\n<br \/>\n[\/vc_column_text][vc_column_text]<span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\t\t&lt;div class=&quot;wp-faq-schema-wrap&quot;&gt;\n\t\t\t\t\t\t&lt;div class=&quot;wp-faq-schema-items&quot;&gt;\n\t\t\t\t\t\t\t\t\t&lt;h3&gt;Is a PAN card necessary for TCS under GST?&lt;\/h3&gt;\n\t\t\t\t\t&lt;div class=&quot;&quot;&gt;\n\t\t\t\t\t\t&lt;p&gt;Every taxpayer must provide their PAN to the TCS collector, per a requirement from the Income Tax Department.&lt;\/p&gt;\n\t\t\t\t\t&lt;\/div&gt;\n\t\t\t\t\t\t\t\t\t&lt;h3&gt;In the absence of a PAN, what is the TCS rate?&lt;\/h3&gt;\n\t\t\t\t\t&lt;div class=&quot;&quot;&gt;\n\t\t\t\t\t\t&lt;p&gt;The TCS rate is 10% in the absence of PAN or Aadhaar.&lt;\/p&gt;\n\t\t\t\t\t&lt;\/div&gt;\n\t\t\t\t\t\t\t\t\t&lt;h3&gt;Who is eligible for TCS under GST?&lt;\/h3&gt;\n\t\t\t\t\t&lt;div class=&quot;&quot;&gt;\n\t\t\t\t\t\t&lt;p&gt;Every person who supplies goods or services through an e-commerce operator must register under the Goods and Services Tax (GST) unless they make supplies specifically notified under section 9 (5) of the CGST Act.&lt;\/p&gt;\n\t\t\t\t\t&lt;\/div&gt;\n\t\t\t\t\t\t\t&lt;\/div&gt;\n\t\t&lt;\/div&gt;\n\t\t&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:513,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0}\">\t\t<div class=\"wp-faq-schema-wrap\">\n\t\t\t\t\t\t\t<h2><span class=\"ez-toc-section\" id=\"FAQs_on_TCS_under_GST\"><\/span>FAQs on TCS under GST<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\t\t\t\t\t\t<div class=\"wp-faq-schema-items\">\n\t\t\t\t\t\t\t\t\t<h3>Is a PAN card necessary for TCS under GST?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p>Every taxpayer must provide their PAN to the TCS collector, per a requirement from the Income Tax Department.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<h3>In the absence of a PAN, what is the TCS rate?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p>The TCS rate is 10% in the absence of PAN or Aadhaar.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<h3>Who is eligible for TCS under GST?<\/h3>\n\t\t\t\t\t<div class=\"\">\n\t\t\t\t\t\t<p>Every person who supplies goods or services through an e-commerce operator must register under the Goods and Services Tax (GST) unless they make supplies specifically notified under section 9 (5) of the CGST Act.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h3 style=\"text-align: center;\">Know more about\u00a0 Billing &amp; Accounting Software for Small Businesses<\/h3>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li><a href=\"https:\/\/mybillbook.in\/s\/restaurant-billing-software\/\">Restaurant Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/billing-software-for-retail-shop\/\">Billing Software for Retail Shop<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/billing-software-for-distributors\/\">Billing Software for Distributors<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/jewellery-billing-software\/\">Jewellery Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/legal-billing-software\/\">Legal Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/hotel-billing-software\/\">Hotel Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/kirana-billing-software\/\">Kirana Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/supermarket-pos-software\/\">Supermarket Pos Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/pharmacy-billing-software\/\">Pharmacy Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/supermarket-billing-software\/\">Supermarket Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/transportation-billing-and-accounting-software\/\">Transportation Billing and Accounting Software<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li><a href=\"https:\/\/mybillbook.in\/s\/mobile-shop-billing-software\/\">Mobile Shop Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/restaurant-pos-software\/\">Restaurant POS Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/pos\">Retail POS Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/store-inventory-management-software\/\">Store Inventory Management Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/society-billing-and-accounting-software\/\">Society Billing and Accounting Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/medical-billing-software\/\">Medical Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/salon-billing-software\/\">Salon Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/hospital-billing-software\/\">Hospital Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/textile-billing-software\/\">Textile Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/cable-tv-billing-software\/\">Cable TV Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/billing-software-for-bakery-shop\/\">Billing Software for Bakery Shop<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text]<\/p>\n<ul>\n<li><a href=\"https:\/\/mybillbook.in\/s\/retail-inventory-management-software\/\">Retail Inventory Management Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/erp-accounting-software\/\">ERP Accounting Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/real-estate-billing-and-accounting-software\/\">Real Estate Billing and Accounting Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/hospital-accounting-system\/\">Hospital Accounting System<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/school-billing-software\/\">School Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/department-store-billing-software\/\">Department Store Billing Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/ecommerce-inventory-management-software\/\">Ecommerce Inventory Management Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/travel-agency-accounting-software\/\">Travel Agency Accounting Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/restaurant-inventory-management-software\/\">Restaurant Inventory Management Software<\/a><\/li>\n<li><a href=\"https:\/\/mybillbook.in\/s\/construction-accounting-software\/\">Construction Accounting Software<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"[vc_row][vc_column][vc_column_text] [\/vc_column_text][vc_column_text] Tax Collected At Source ( TCS ) Under GST [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text] What is TCS? The Tax, the seller, collects from the buyer when they purchase a particular category of goods is TCS, or Tax Collected at Source. The term [...]","protected":false},"author":9,"featured_media":19117,"parent":19107,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax Collected At Source ( TCS ) Under GST<\/title>\n<meta name=\"description\" content=\"Read what is TCS? TCS under GST example, types of vendors &amp; consumers under TCS, TCS rate of goods, TCS under GST registration requirements and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mybillbook.in\/s\/tax\/tcs-under-gst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Collected At Source ( TCS ) Under GST\" \/>\n<meta property=\"og:description\" content=\"Read what is TCS? TCS under GST example, types of vendors &amp; consumers under TCS, TCS rate of goods, TCS under GST registration requirements and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mybillbook.in\/s\/tax\/tcs-under-gst\/\" \/>\n<meta property=\"og:site_name\" content=\"myBillBook\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-17T08:17:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mybillbook.in\/s\/wp-content\/\/uploads\/2022\/10\/tcs-under-gst.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tax Collected At Source ( TCS ) Under GST","description":"Read what is TCS? TCS under GST example, types of vendors & consumers under TCS, TCS rate of goods, TCS under GST registration requirements and more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mybillbook.in\/s\/tax\/tcs-under-gst\/","og_locale":"en_US","og_type":"article","og_title":"Tax Collected At Source ( TCS ) Under GST","og_description":"Read what is TCS? TCS under GST example, types of vendors & consumers under TCS, TCS rate of goods, TCS under GST registration requirements and more.","og_url":"https:\/\/mybillbook.in\/s\/tax\/tcs-under-gst\/","og_site_name":"myBillBook","article_modified_time":"2023-07-17T08:17:52+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/mybillbook.in\/s\/wp-content\/\/uploads\/2022\/10\/tcs-under-gst.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/mybillbook.in\/s\/tax\/tcs-under-gst\/","url":"https:\/\/mybillbook.in\/s\/tax\/tcs-under-gst\/","name":"Tax Collected At Source ( TCS ) Under GST","isPartOf":{"@id":"https:\/\/mybillbook.in\/s\/#website"},"datePublished":"2022-10-28T10:59:37+00:00","dateModified":"2023-07-17T08:17:52+00:00","description":"Read what is TCS? TCS under GST example, types of vendors & consumers under TCS, TCS rate of goods, TCS under GST registration requirements and more.","breadcrumb":{"@id":"https:\/\/mybillbook.in\/s\/tax\/tcs-under-gst\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mybillbook.in\/s\/tax\/tcs-under-gst\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mybillbook.in\/s\/tax\/tcs-under-gst\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mybillbook.in\/s\/"},{"@type":"ListItem","position":2,"name":"Tax","item":"https:\/\/mybillbook.in\/s\/tax\/"},{"@type":"ListItem","position":3,"name":"TCS under GST"}]},{"@type":"WebSite","@id":"https:\/\/mybillbook.in\/s\/#website","url":"https:\/\/mybillbook.in\/s\/","name":"myBillBook","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mybillbook.in\/s\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/mybillbook.in\/s\/wp-json\/wp\/v2\/pages\/19114"}],"collection":[{"href":"https:\/\/mybillbook.in\/s\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mybillbook.in\/s\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mybillbook.in\/s\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/mybillbook.in\/s\/wp-json\/wp\/v2\/comments?post=19114"}],"version-history":[{"count":11,"href":"https:\/\/mybillbook.in\/s\/wp-json\/wp\/v2\/pages\/19114\/revisions"}],"predecessor-version":[{"id":23977,"href":"https:\/\/mybillbook.in\/s\/wp-json\/wp\/v2\/pages\/19114\/revisions\/23977"}],"up":[{"embeddable":true,"href":"https:\/\/mybillbook.in\/s\/wp-json\/wp\/v2\/pages\/19107"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybillbook.in\/s\/wp-json\/wp\/v2\/media\/19117"}],"wp:attachment":[{"href":"https:\/\/mybillbook.in\/s\/wp-json\/wp\/v2\/media?parent=19114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}