How can TCS be credited in the cash ledger? Is it permissible to refund such TCS credit in the cash ledger in accordance with section 54(1) of 2017's CGST Act?

TCS collected must be deposited separately by the ecommerce operator under the respectvive Tax head (i.e. TCS collected is to be deposited by the ecommerce operator separately under the respectvive tax head (i.e.,. The statement (FORM GSTR-8) filed by the ecommerce operator would credit the amount to the electronic cash account of the actual supplier in each tax head. The supplier can request a refund of any excess cash in his electronic cash leadger if he is unable to use the amount in the cash ledger. This is in accordance with section 54(1), 2017 CGST Act.

Is there need of e-way bill in the movement of cargo containers ?

Is there need of e-way bill for the movements of goods under customs seal ?

Is there need of e-way bill for the movements of goods from Nepal or to Nepal ?

Can temporary vehicle number used in generation of e-way bill ?

Is e-way bill needed for intra-state goods movement ?

I am a dealer in tractors. I bought 20 tractors from manufacturer. These tractors cannot be brought on motorized conveyances as goods, but they can be driven to my home. These tractors do not have vehicle number. In such cases, is an e-way bill necessary?

In case of DTA sales from SEZ ,who will be responsible for EWB ?

Many times, the receiver of goods is not known at the time they are shipped from the shipper's premises. One common example -FMCG firms send trucks out to supply kirana shops in a specific area. What should be done?

How much should the e-waybill be worth if goods are shipped on a lease basis? The machine's value is higher than the leasing fees?

Although expired stock is not of commercial value, it is often returned to the seller for compliance with statutory and regulatory requirements or destroyed by the seller. What should be done in these cases?

If shipping costs are charged by E-commerce companies, they must be included in the 'consignment Value' even if it is not stated on merchant's invoice?

If an invoice is for both goods or services, the consignment value should reflect the invoice value (inclusive value of services) rather than the goods value. In such cases, Part A of an e-way bill must also include HSN specific details of service?

Questions on Tax Collection at source

TCS questions

Whether ecommerce operator must register in every State/UT where suppliers are listed on their ecommerce platform to comply with the law ?

As they work from abroad, foreign e-commerce operators do not have a place of business in India. Their suppliers and customers are in India. In this case, will the TCS provision apply to them? If so, how can they get registration?

Does it make sense for eCommerce companies that are already GSTIN and GSTIN registered to register separately for TCS?

What does " Net Value Taxable supplies " means ?

Do you prefer to calculate the net taxable supply value at GSTIN or gross level?

Does every e-commerce seller need to collect taxes in the place of the actual supplier?

FAQ Categories

Open a demat account through us and get the account opening charges waived off

How can TCS be credited in the cash ledger? Is it permissible to refund such TCS credit in the cash ledger in accordance with section 54(1) of 2017's CGST Act?

Is there need of e-way bill in the movement of cargo containers ?

Is there need of e-way bill for the movements of goods under customs seal ?

Is there need of e-way bill for the movements of goods from Nepal or to Nepal ?

Can temporary vehicle number used in generation of e-way bill ?

Is e-way bill needed for intra-state goods movement ?

I am a dealer in tractors. I bought 20 tractors from manufacturer. These tractors cannot be brought on motorized conveyances as goods, but they can be driven to my home. These tractors do not have vehicle number. In such cases, is an e-way bill necessary?

In case of DTA sales from SEZ ,who will be responsible for EWB ?

Many times, the receiver of goods is not known at the time they are shipped from the shipper's premises. One common example -FMCG firms send trucks out to supply kirana shops in a specific area. What should be done?

How much should the e-waybill be worth if goods are shipped on a lease basis? The machine's value is higher than the leasing fees?

Although expired stock is not of commercial value, it is often returned to the seller for compliance with statutory and regulatory requirements or destroyed by the seller. What should be done in these cases?

If shipping costs are charged by E-commerce companies, they must be included in the 'consignment Value' even if it is not stated on merchant's invoice?

If an invoice is for both goods or services, the consignment value should reflect the invoice value (inclusive value of services) rather than the goods value. In such cases, Part A of an e-way bill must also include HSN specific details of service?

Questions on Tax Collection at source

TCS questions

Whether ecommerce operator must register in every State/UT where suppliers are listed on their ecommerce platform to comply with the law ?

As they work from abroad, foreign e-commerce operators do not have a place of business in India. Their suppliers and customers are in India. In this case, will the TCS provision apply to them? If so, how can they get registration?

Does it make sense for eCommerce companies that are already GSTIN and GSTIN registered to register separately for TCS?

What does " Net Value Taxable supplies " means ?

Do you prefer to calculate the net taxable supply value at GSTIN or gross level?

Does every e-commerce seller need to collect taxes in the place of the actual supplier?

FAQ Categories