TCS, TDS & ITC explained
The three deductions and credits every online seller deals with - in plain language.
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What is TCS - and do I get it back?
Marketplaces hold back 0.5% of your sales as tax collected at source. Yes, it's yours. › ? What is TDS - and how is it different from TCS?
Deducted from payments TO you. Marketplace sellers meet two kinds - both recoverable. › ? What is an ITC claim?
Credit for GST you already paid on business purchases - it cancels out of what you owe. ›
Marketplaces hold back 0.5% of your sales as tax collected at source. Yes, it's yours. › ? What is TDS - and how is it different from TCS?
Deducted from payments TO you. Marketplace sellers meet two kinds - both recoverable. › ? What is an ITC claim?
Credit for GST you already paid on business purchases - it cancels out of what you owe. ›
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