TaxTMI 
TaxTMI 
TCS under Section 52 and Related Disclosures in Case of Partial Collection of Consideration by ECO
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....CS under Section 52 and Related Disclosures in Case of Partial Collection of Consideration by ECO<br> Query (Issue) Started By: - JOYDEB BHATTACHARYA Dated:- 23-7-2025 Last Reply Date:- 26-7-2025 Good....
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....s and Services Tax - GST<br>Got 3 Replies<br>GST<br>In a transaction where 100% of the supply is made by the supplier through an E-Commerce Operator (ECO), only 30% of the consideration is collected b....
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....y the ECO, while the remaining 70% is collected directly by the supplier from the recipient. The total transaction value is ?100, and the applicable GST rate on the supply is 18%. The TCS rate is 0.5%....
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..... Based on the above scenario, please clarify the following: * What would be the amount of TCS to be collected and deposited by the ECO? * How should the ECO disclose this transaction in Form GST....
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....R-8? * How should the supplier report this transaction in Form GSTR-1? Reply By Sadanand Bulbule: The Reply: TCS @ 1% is to be collected on the net taxable value of supply. FORM GSTR- 8 is to be f....
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....iled by the ECO by the 10th of the following month. There is no special field to report TCS in GSTR-1. Reply By KASTURI SETHI: The Reply: Also see C.B.I. & C. Circular No. 246/03/2025-GST, dated 30-....
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....1-2025 Reply By Shilpi Jain: The Reply: Is it a case that for everysupply 30% is collected by ECO? or a case where, for 30% of the supplies 100% money is collected by ECO? Are you the ECO or the su....
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....pplier?<br> Discussion Forum - Knowledge Sharing ....