GST compliance for Online Retailer

[venkat narayan]

Dear Sir

For those sellers who are registered to sell thru market place like Flipkart, how will the TCS as deducted by them will be offset. Reason being, we are selling & collecting GST / IGST using different HSN codes however when TDS deducted it will be under different SAC code

Pls advise

Regs

AI Summary

Retailer Queries TCS Offset for Different HSN Codes; Section 52 Notified Yet, Auto-Reflects in Cash Ledger for GST. An online retailer inquired about the offsetting of Tax Collected at Source (TCS) deducted by marketplaces like Flipkart, especially when selling under different HSN codes while TCS is deducted under a different SAC code. The response clarified that Section 52, which governs this process, is not yet notified. However, once TCS is deducted and the return is filed by the deductor, it will automatically reflect in the retailer's electronic cash ledger, which can be used for GST payments.