Many of you must already be having an online business so let me tell you what TCS is first to get an idea of it easily. TCS or Tax Collected at Source under GST denotes the tax that is collected by an e-commerce operator from the consideration which it got on behalf of the suppliers of goods or services who do use the operator’s online platform. It is charged as a percentage on the net taxable supplies. I could understand this much easily but did not know how to claim TCS in GST portal online. I needed expert guidance to know the process so asked a colleague to show me the process.
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How to claim TCS credit in GST portal?There are just a few needs following you which you can complete the task that are:
Go to the GST portal or click on
https://www.gst.gov.in/
Go to Services then click on Returns
Click on Returns Dashboard
You will be shown File Returns option
Select the return period of GSTR-3B
Click on Proceed to TCS credit received
Choose the Financial Year and Return Filing Period
Click on Search option next
Click on Prepare Online
Click on the desired option - Accept/Reject CS or Amendments Accept/Reject option
Click on Accept/Reject option
Verify the draft and proceed to file the details
Preview the Draft once
Proceed to file
Click on File TDS TCS Received
Submit the form
It must seem a lengthy process but it actually is not at all tough to understand so you can do it yourself. If you have doubts, ask an expert to show you and from next time do it yourself just like I did.
These steps should be enough to help you know how to claim TCS in GST portal online.
Read More:How to claim TCS refund?
What is TCS in Income Tax?
How to make TCS payment online?
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Authors Of The Question
How to Claim TCS in GST?
Upasana
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1 Answers
2 Year
2022-10-14T09:35:01+00:00 2022-10-31T08:48:40+00:00Comment
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