Yes, we're just starting to scribble down. We'll be focusing on our Know-How series to help you to achieve basic things on your own. And, we will be sharing our views about the eCommerce Industry in India and worldwide to help you understand the changes in one of the fastest-growing industries in India & Overseas.
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E-Commerce in India had grown and matured considerably over the last 5-6 years. Customer’s expectations in terms of delivery speed had reduced considerably in the due course. The customers are expecting product deliveries on the same day or within 1-3 days after placing orders. For example, Same/Next Day delivery offering by Amazon under Amazon Prime
I have seen many queries related to TDS & TCS in multiple eCommerce seller forums and I’m sure this still confusing for many of us. So, let me try to explain the knowledge that I’ve gained over the last few years by interacting with other sellers in multiple forums, interacting with professionals, and researching online.
As we all know, TCS (Tax Collected at Source) under Section-52 of CGST Act, 2017 came into force starting from 01 Oct 2018. Since this is the first month of Filing GST Returns after implementation of Tax Collected at Source, I’m getting lots of queries on (?) how to claim it (?) how to utilize the TCS Credits (?) who should file