TCS credit availability: deposited TCS reflected in supplier cash ledger and usable to discharge GST tax liability. The deposited TCS amount will be reflected in the cash ledger of the registered supplier on whose account collection was made, based on the statement ... Summary
TCS credit availability: deposited TCS reflected in supplier cash ledger and usable to discharge GST tax liability.
The deposited TCS amount will be reflected in the cash ledger of the registered supplier on whose account collection was made, based on the statement filed by the operator, and may be used by the supplier to discharge tax liability in respect of its supplies.
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