What is Tax Collected at Source (TCS)?
Question 26
Bill
GST Payment of Tax
Faq On GST (2nd Edition) Dated 31.3.2017
Q 26. What is Tax Collected at Source (TCS)?
Ans. This provision is applicable only for E-Commerce Operator under section 52 of CGST/SGST Act. Every ECommerce Operator, not being an agent, needs to withhold an amount calculated at the rate not exceeding one percent of the “net value of taxable supplies” made through it where the consideration with respect to suc
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