What is Tax Collection at Source (TCS) under GST?

By | August 3, 2017
(Last Updated On: August 3, 2017)

Question : What is Tax Collection at Source (TCS)?

Answer: The e-commerce operator is required to collect an amount at the rate of one percent (0.5% CGST + 0.5% SGST) of the net value of taxable supplies made through it, where the consideration with respect to such supplies is to be collected by such operator. The amount so collected is called as Tax Collection at Source (TCS). (Refer to Section 52(1) of the CGST Act, 2017).

Related GST FAQ

GST on E Commerce : FAQ

GST on Mining Sector : FAQ

GST on Handicraft Sector : FAQ

150 GST FAQ’s Replied by Govt of India

GST Tweet -100 FAQs replied by Govt ; Compilation

GST Rates FAQs on queries of Various Sectors Clarified by Govt

GST FAQs on queries of Various Sectors : Issued by Govt

GST FAQs for Traders

GST Handbook – Free Download

GST on Drugs and Pharmaceuticals : FAQ

GST on Food Processing Industry : FAQ

GST on Textile : FAQ’s

GST on Export : FAQ’s

GST on MSME : FAQ’s

FAQs on Composition Levy under GST ( India )

Drawback after GST regime

GSTIN / PAN and Invoice information in Shipping Bill

Bond or LUT along with Shipping Bill

Related Topic on GST

TopicClick Link
GST Acts Central GST Act and States GST Acts
GST RulesGST Rules
 GST FormsGST Forms
GST RatesGST Rates
GST NotificationsGST Act Notifications
GST CircularsGST Circulars
 GST JudgmentsGST Judgments
GST Press ReleaseGST Press Release
GST BooksBest Books on GST in India
GST CommentaryTopic wise Commentary on GST Act of India
GST You Tube ChannelTaxHeal You Tube Channel
GST Online CourseJoin GST online Course
GST HistoryGST History and Background Material
Category: GST

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

Leave a Reply

Your email address will not be published.