GST TCS
Definition
Tax collected at source under GST by e-commerce operators on the net value of taxable supplies made through their platform by other sellers. It is reported in GSTR-8 and credited to the seller's electronic cash ledger.
Related Terms in India GST
Bill of Supply
A document issued instead of a tax invoice when a supplier cannot charge GST — for example a composition dealer, or a supplier of exempt goods. It looks like an invoice but does not show a separate GST charge because no tax is collected.
Payment Voucher (GST)
A document a recipient issues when paying a supplier under the reverse-charge mechanism, recording the payment on which the recipient is itself liable to pay GST. It supports the recipient's reverse-charge tax entry.
Receipt Voucher (GST)
A document issued when a supplier receives an advance payment for a supply that has not yet been made. It records the advance and the GST treatment that applies at the time of receipt.
GST Refund
A claim to recover GST where credit or cash has accumulated that cannot be used — commonly on exports, supplies to SEZs, or an inverted duty structure. Refund claims are filed online and are subject to verification and time limits.
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