How do I claim TCS on Amazon?

Asked by: Ms. Lucile Jakubowski DDS  |  Last update: February 9, 2022
Score: 4.4/5 (25 votes)

For verifying the TCS credit at your GST portal: Login --> Select month --> Click on "TDS and TCS credit received" --> Click on 'TCS credit received' --> Select GSTIN wise TCS details and accept --> Accept the declaration and proceed to file --> File TCS credit received summary --> Check for balance in electronic cash ...

How do I get my TCS certificate from Amazon?

Amazon issues Form 16A certificate (certificate of deduction of tax at source by any person in accordance with the Income Tax Act) on processing of quarterly TDS statements. The certificate can be downloaded by visiting Reports > Tax Document Library > 194-O TDS Certificate on Seller Central.

How do I claim TCS deducted by ecommerce?

e-Commerce operators have to file GSTR-8 by 10th of the next month in which the tax was collected. This return will only be filed once the tax collected has been deposited to the respective credit of the government.

What is TCS collected in Amazon?

Tax Collected at Source (TCS) under GST means the tax collected by an e-commerce operator from the consideration received by it on behalf of the supplier of goods, or services who makes supplies through operator's online platform. TCS will be charged as a percentage on the net taxable supplies.

How do I claim TCS refund from GST?

Steps to file 'TDS and TCS credit received' on GST portal
  1. Step 1: Login toGST portal.
  2. Step 2: Go to 'Services' > 'Returns' > 'Returns Dashboard'
  3. Step 3: Select the return period of GSTR-3B being filed and proceed to 'TDS/TCS credit received' tile.

How to claim TCS in GST portal for Amazon and Flipkart seller

17 related questions found

What is TCS tax refund?

If your client's refund is less than expected and you see a coinciding TCS TREAS 449 offset, this means that the tax payers refund has been reduced to repay a debt collected through the Treasury Offset Program. This program is designed to collect delinquent debts that are owed to states and federal agencies.

Does Zomato collect TCS?

Tax collected at source (TCS) is the tax payable by a seller, which he collects from the buyer at the time of sale. Platforms like Zomato and Swiggy are liable to pay TCS of 1%, which highlights that the government had already taken cognisance of the issue.

Does Amazon pay GST?

Amazon or any company won't pay GST to you. They collect and pay GST to government. They are part of the chain and they are SERVICE PROVIDER to us. So, they simply charge GST on various service components, collect the amount and they pay to Govt.

How do I contact Amazon seller India?

Select the seller's name on the product details page or offer listing page.
  1. Go to Your Orders.
  2. Find your order in the list.
  3. Select problem with order/ Contact seller/ Ask a question (depending on the order category). Basis your issue, we will help you contact the seller if necessary.

Where is TCS applicable?

Where transaction value exceeds Rs 50 lakh and buyer's turnover exceeds Rs 10 crores in the earlier year, TDS would apply over TCS. For sale transactions involving motor vehicle, tendu leaves, scrap, etc., TCS continues to apply.

How do I claim TCS on foreign remittance?

The TCS will be collected by a dealer (which is usually a bank) at the time of receipt of the amount for remittance, or at the time of debiting the amount payable, whichever is earlier. TCS will apply only on the amount above Rs. 7 lakh in a financial year, instead of the total amount.

Who can claim TCS?

New section 206 (1H) was introduced in October 2020 for collecting TCS from the buyers of goods who makes a payment of more than Rs 50 lakhs towards sale consideration in the current FY. The TCS is to be collected only by the entities having more than Rs 10 crore of turnover in the previous FY.

Why is there no tax on my Amazon order?

Technically speaking, Amazon does not charge sales tax because only governments can levy taxes. ... Since there is no federal sales tax in the United States, this means Amazon has to comply with the myriad of different state tax jurisdictions.

How do I get a credit note from Amazon?

Go to Orders / Manage orders / locate the order in question, and on the right hand side under 'Action' there's a button 'Manage invoice'.

Why is GST credit not available on Amazon?

If you're unable to see a GST credit for your orders, you can contact sellers to check the status of their GST filing. Check that your invoice includes your GST number. If the invoice doesn't include your GST number, you cannot claim GST credit from sellers. Learn more about GST on Amazon Business.

How do I claim GST?

To claim GST refund, a business must file a refund application on GST portal in form RFD 01 within two years from the relevant date. If the claim is in order, the applicant will receive an acknowledgment in form GST RFD 02 as well as an email and a mobile text, which specifies the date of filing the claim.

How do I claim GST input?

To claim ITC, the buyer should pay the supplier for the supplies received (inclusive of tax) within 180 days from the date of issuing the invoice. If the buyer fails to do so, the amount of credit they would have availed, will be added to their output tax liability.

Does Amazon pay tax in India?

Amazon, Flipkart, Microsoft to pay 2% extra tax now | Business Insider India.

Does Swiggy pay tax?

With the new rules, food delivery platforms are expected to pay 5% GST on restaurant services that they provide. Online food delivery platforms such as Swiggy and Zomato will have to pay five per cent goods and services tax starting Saturday (January 1) as the changes to GST rules will come into effect.

What is TCS under GST?

The TCS or Tax Collected at Source is the tax that is collected from the buyer by the seller while the purchase of some specific goods category by the buyer. This TCS rate depends on the category of the items and this tax collected from the buyer needs to be deposited to the government by the seller.

Why Swiggy is not working?

Maybe the Swiggy App server is down or the app is under maintenance. ... May be the server is busy or down, so wait for some time. Update Swiggy App. Restart Your Phone.

How can I file TCS return online?

Visit ITD's e-filing home page (ITD e-filing) and login using TAN and Password. After successful login, go to TDS menu >> Upload TDS. In the form provided select the appropriate statement details, viz. FVU Version, Financial Year, Form Name, Quarter and Upload Type (Regular / Correction) and verify.

How can I deposit TCS Online?

How to file TDS/TCS challan online?
  1. Select Challan. For TDS select Challan ITNS 281.
  2. Choose Deductee type. Select Deductee type which will be based on TDS deducted by you. ...
  3. Enter TAN and Assessment Year. ...
  4. Fill up deductor details. ...
  5. Enter Nature of payment. ...
  6. Enter Details of payment.

How can I get TCS certificate online?

Step 1: Login to TRACES website by entering the “User ID, Password ,TAN of the Deductor and the Verification Code”. Step 2: Landing page will be displayed. Please check statement status under “Statement /Payment Tab ” before raising the request for Form 27D .