{"id":74002,"date":"2025-07-03T22:10:23","date_gmt":"2025-07-03T16:40:23","guid":{"rendered":"https:\/\/piceapp.com\/blogs\/?p=74002"},"modified":"2025-07-03T22:10:27","modified_gmt":"2025-07-03T16:40:27","slug":"how-to-claim-tcs-under-gst","status":"publish","type":"post","link":"https:\/\/piceapp.com\/blogs\/how-to-claim-tcs-under-gst\/","title":{"rendered":"Step-by-Step Guide on How to claim TCS under GST"},"content":{"rendered":"\n
Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) are two important taxes incurred at the source of income. The credit for TDS and TCS can be accessed once you log into the GST portal. This facility is available to taxpayers involved in specific sales through e-commerce platforms<\/a> or those who have undertaken works contracts with government entities.<\/p>\n\n\n\n This blog provides a guide for you on how to claim TCS & TDS under GST while highlighting the deadline to submit TDS and TCS credit receipts.<\/p>\n\n\n\n TCS is a tax that is charged on the net value of taxable supplies. Sellers collect it from buyers and deposit it to the government. TCS under the GST regime helps to track transactions more effectively and ensure compliance with tax regulations.<\/p>\n\n\n\n TCS is only applicable to e-commerce players who sell goods and services from multiple suppliers via their online platforms<\/a>. Section 52 of the CGST Act deals with TCS provision under GST.<\/p>\n\n\n\n TDS is the tax deducted by the payer on specific payments like salary, commission, professional fees, interest or rent, and deposited with the government on the recipient\u2019s behalf.<\/p>\n\n\n\n The deducted TDS amount is credited to the taxpayer\u2019s account and treated as a pre-tax payment. This credit can be claimed while filing the tax return to lower the final tax payable. TDS ensures consistent and timely collection<\/a> of tax, which lessens the burden of tax collection on the government. This technique increases the effectiveness of tax collection while lowering taxpayers\u2019 obligations.<\/p>\n\n\n\n It is crucial to understand eligibility for TCS before knowing how to claim TCS under GST. <\/strong>Certain operators that own, run and oversee e-commerce portals may collect TCS. TCS is only applicable in cases when operators are collecting money from customers on behalf of suppliers. This means e-commerce operators must deduct a certain amount as TCS and pay the net amount when they pay suppliers they have collected.<\/p>\n\n\n\n The following are some exceptions where TCS regulations do not apply to services that an e-commerce platform offers:<\/p>\n\n\n\n The following entities and individuals are liable to deduct tax:<\/p>\n\n\n\n Before jumping into the process of knowing how to claim TCS & TDS under GST<\/strong>, you must take note of these details. The system automatically puts the details from the deductor or collector\u2019s GSTR-7 or GSTR-8 into the TDS or TCS credit received column. It is essential that the deductee carefully compares these facts with their records or higher invoices. Then the deductee must accept or reject these records.<\/p>\n\n\n\n After the submission of \u2018TDS\/TCS Credit Received\u2019 on the GST site, you cannot change actions. Before submitting the \u2018TDS and TCS Credit Received\u2019 form, you must update all auto-populated records in all tables. This guarantees a transparent TDS\/TCS credit process under the current GST regime.<\/p>\n\n\n\n The given below steps will guide you on how to claim TCS & TDS under GST<\/strong>:<\/p>\n\n\n\n Take note that the process for accepting or rejecting records from Steps 4 to Step 6 stays the same across all four tables.<\/p>\n\n\n\n Following is the result if you accept or reject a record: <\/p>\n\n\n\n You must remember that a person can \u2018undo\u2019 an action like \u2018Accept\u2019 to \u2018Reject\u2019 or \u2018Reject\u2019 to \u2018Accept\u2019. However, you can do it only until you file the form. You cannot revise your action after filing the form.<\/p>\n\n\n\n Submit the declaration and choose an \u2018Authorised Signatory\u2019 from the drop-down list. Select the \u2018FILE TDS TCS CREDIT RECEIVED\u2019 button and select \u2018Yes\u2019 on the warning message on your screen.<\/p>\n\n\n\n As you have understood how to claim TCS under GST<\/strong> as well as TDS, you must also know the purpose of the \u2018TDS and TCS Credit Received\u2019 form. <\/strong>\u2018TDS and TCS Credit Received\u2019 form allows all taxpayers whose tax has been deducted or collected at source by registered TDS deductors or TCS collectors. This form is useful for both deductors or collectors and deductees under the GST system.<\/p>\n\n\n\n TDS deductors must file GSTR-7 and TCS collectors must file GSTR-8 by the 10th of the subsequent month. From the deductee\u2019s end, accepting or rejecting TDS or TCS credit through the GST site is important. Filing the \u2018TDS and TCS Credit Received\u2019 tab is required to claim GST TDS\/TCS deducted by deductors or collectors.<\/p>\n\n\n\n The Cash Ledger will show the deducted amount. This allows for payment of the remaining tax amount after balancing the Input Tax Credit.<\/p>\n\n\n\n It is important to know about the due date of submitting TDS and TCS credit receipts while understanding how to claim TCS & TDS under GST<\/strong>. There is no set due date or late filing<\/a> fines for filing TDS\/TCS credit received. However, it is good to finish this process before any of the following deadlines, especially if tax payment is due:<\/p>\n\n\n\n The filing can take place once a month and is done online. You can submit the \u2018TDS and TCS Credit Received\u2019 form before submitting form GSTR-1 or GSTR-3B.<\/p>\n\n\n\n Knowing how to claim TCS & TDS under GST is important, as you can receive a refund if the TCS you paid in 2024 exceeds your tax liability for the year. This is a significant advantage <\/a>when you file your tax return.<\/p>\n\n\n\n You must also remember that e-commerce sellers who also own and oversee e-commerce companies may collect TCS. TCS is only applicable to operators who are collecting money from customers on behalf of suppliers to ensure GST compliance.<\/p>\n\n\n\nConcept of TCS<\/strong><\/h2>\n\n\n\n

Concept of TDS<\/strong><\/h2>\n\n\n\n
Eligibility for Collecting Tax<\/strong><\/h3>\n\n\n\n
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Eligibility for Deducting Tax<\/strong><\/h3>\n\n\n\n
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Pre-Read to Declare Details Under \u2018Received TDS and TCS Credit\u2019<\/strong><\/h2>\n\n\n\n

Step-by-Step Procedure to Claim TDS and TCS Credit Received on GST Portal<\/strong><\/h2>\n\n\n\n
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What is the Purpose of the \u2018TDS and TCS Credit Received\u2019 Form and Who Must File It?<\/strong><\/h2>\n\n\n\n

When is the Deadline to Submit TDS and TCS Credit Receipts Through the GST Online Portal?<\/strong><\/h2>\n\n\n\n
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Conclusion<\/strong><\/h2>\n\n\n\n