GST Tip – 78

The amount of TCS_GST recovered / deducted by the e-commerce operator is eligible as input tax credit for the registered tax payer under GST.

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GST Tip – 69

Tax Deducted at source is applicable under GST also. It is different from TDS under Income Tax Act. It is applicable on the supply of goods and services as notified by the Government through GST council. Whenever payment is being made to the supplier of goods or services, GST TDS will be recovered / deducted from the payment and then only balance amount is paid.