TDS & TCS Under GST - Full Practical Guide | Applicability, Rates, Returns + Practical Examples

TDS & TCS Under GST – Full Practical Guide

Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are important compliance mechanisms under the Goods and Services Tax (GST) framework in India. These provisions help the government track transactions, improve tax transparency, and ensure proper tax collection within the system.

Under GST, TDS is mainly applicable to government departments, local authorities, and notified entities that make payments to suppliers exceeding the prescribed threshold. Such entities are required to deduct GST at the specified rate and deposit it with the government, ensuring that tax compliance is maintained throughout the transaction chain.

On the other hand, TCS under GST primarily applies to e-commerce operators who collect tax from suppliers making taxable supplies through their platform. The collected amount is then deposited with the government and reflected in the supplier’s electronic cash ledger.

Understanding the applicability, rates, threshold limits, return filing requirements, and compliance procedures is essential for businesses, GST practitioners, Chartered Accountants, and finance professionals. Incorrect compliance can lead to penalties, mismatches in returns, and unnecessary notices from tax authorities.

In this guide, we explain the complete practical aspects of TDS and TCS under GST, including:

• Applicability of TDS and TCS under GST

• Threshold limits and applicable rates

• Registration requirements for deductors and collectors

• Filing of GST returns (GSTR-7 and GSTR-8)

• Due dates and compliance procedures

• Practical examples to understand real-life scenarios

This practical guide aims to help CA students, GST professionals, business owners, and finance teams clearly understand how these provisions work and how to avoid common compliance mistakes.

Click the Link for more details 
https://www.youtube.com/watch?v=H8CWisiY0L4&t=4s