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

[Vijay kumar]

Section 52 is yet to be notified. In any case, once it is deducted and return is filed by the deductor, it will be auto reflected in your electronic cash ledger, which you can utilize for payment of GST.

AI Summary

TCS under GST: deducted amounts will auto credit to the electronic cash ledger once the deductor files return. Once the deductor deducts TCS and the deductor files the relevant return, the deducted amount will be auto reflected in the recipient's electronic cash ledger, which can be utilised for payment of GST liabilities; Section 52 was not yet notified at the time of the advice.