GST Filing & Registration Service for E-Commerce collecting TCS

A new rule says that online business owners or E-Commerce operators who are in charge of collecting Tax Collected at Source (TCS) under GST also have to sign up for GST. Let’s talk about what you need to know about GST Registration for E-Commerce that collects TCS.

Understand about the GST TCS Regulations on E-Commerce

Under the GST, an “electronic commerce operator” is a person or business that owns, maintains, or runs a digital or electronic facility or platform for electronic commerce. So, Indian businesses that do e-commerce must follow the GST TCS rules.

Under GST, Tax Collected at Source (TCS) is the tax that an e-commerce company collects on behalf of a supplier of goods or services who makes a sale through the operator’s online platform. TCS will be taken out of the net taxable supply as a percentage. Section 52 of the CGST Act talks about the TCS rules for GST. GST Registration for E-Commerce has more information about it.

Applicability of GST Registration for E-Commerce Collecting TCS

Under the Goods and Services Tax Act, it is the responsibility of online aggregators to collect tax and send it to the government. At the moment, 1% of each transaction is used to figure out TCS costs. As soon as the duty is paid and credited, the online brokers of goods and businesses will get paid.

So, every online store that sells goods or services must have GST, no matter how much money they make each year, in order to be part of the Tax Collected Source. But service providers whose annual income does not exceed Rs. 20 lakhs and who do not use an electronic trading platform do not have to sign up for GST. So, if your e-commerce business needs GST and you need an easy way to keep track of your books, you can use the best Accounting for E-Commerce Business in India.

Can an E-commerce collecting TCS cancel GST Registration?

When a taxpayer is no longer required to pay taxes or take tax deductions, the right officer will check this information and cancel the taxpayer’s registration online using Form GST REG-08 and the GST cancellation process.

What is the process to get GST Registration for E-Commerce collecting TCS?

Document Requirement to get GST Registration for E-Commerce Collecting TCS in India

  • Company’s PAN card
  • Certificate of Incorporation issued by Ministry of Corporate Affairs (MCA)
  • Articles of association/Memorandum of association
  • Authorized signatory’s Aadhar card and PAN card details
  • Proof of address and PAN card details of company directors
  • TCS Detail

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Tag : GST Filing, GST Registration, TDS Filing

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