WebMar 10, 2024 · For claiming refund, after logging in to GST account in GST portal, the seller needs to go to Services è Refunds è Application for Refund è Refund of Excess Balance in … WebApr 7, 2024 · A penalty will not be imposed under Section 271H of the Income Tax Act if TDS/TCS returns are not filed by the due date if the following criteria are met: The …
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WebJul 31, 2024 · Tax Collected at Source (TCS) under GST states the tax collected by any e-commerce operative from the consideration established by it on behalf of the provider of … The dealers or traders supplying goods and/or services through e-commerce operators will receive payment after deduction of TCS @ 1%. The rate is notified by the CBIC in Notification no. 52/2024 under CGST Act and 02/2024under IGST Act. This means for an intra-state supply TCS at 1% will be collected, … See more Tax Collected at Source (TCS) under GST means the tax collected by an e-commerce operator from the consideration received by it on behalf of the supplier of goods, or services who makes supplies … See more Certain operators who own, operate and manage e-commerce platforms are liable to collect TCS. TCS applies only if the operators collect the consideration from the customers on … See more The e-commerce operators liable to collect TCS have to compulsorily register under GST and there is no threshold limit exemption for it. Also, the sellers supplying goods … See more TCS will be collected by e-commerce operators while making a payment to the vendor. This payment will be the consideration collected on the vendor’s behalf for the supplies made by him via the online portal. This … See more rock shop plymouth
GST Refund: Rules, Provisions & Claim Process - Tax2win
WebFeb 8, 2024 · The CBIC had notified that the e-commerce operators shall collect one percent as Tax Collected at Source (TCS) under the Goods and Services Tax (GST) regime. The due date of filing GSTR-8 Return for the month of January, 2024 is February 10th, 2024. The e-commerce suppliers must file a monthly return by the 10th of the following month ... WebFeb 9, 2024 · Tax Collected At Source under GST The following are the provisions related to TCS under GST effective from 1st October 2024: A dealer or trader selling goods online would get the payment from the online platform. The payment would be after deducting an amount tax @ 1 % under IGST Act. (0.5% in CGST & 0.5% in SGST) WebApr 10, 2024 · Refunds under GST. Legal provisions with amendments and refunds circulars issued till date. Types of refund applications and relevant dates for application. Refund process, steps and the time period involved therein. Refund calculations as per revised formulae with case studies. Refunds of TDS/TCS. Documentation as per the category of … oton chor ratingen