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CMA Final · Indirect Tax Laws and Practice · TDS and TCS under GST

An e-commerce operator collected TCS during September. By which date must it deposit the amount collected, and by which date must it furnish the statement in FORM GSTR-8?

Both fall on 10 October. TCS collected during September must be deposited within ten days after the month ends, and the GSTR-8 statement of supplies and TCS collected is also due by the tenth of the following month. The 20th relates to other returns, not TCS.

  1. ADeposit by 20 October; statement by 20 October
  2. BDeposit by 10 October; statement by 10 OctoberCorrect
  3. CDeposit by 30 September; statement by 10 October
  4. DDeposit by 10 October; statement by 20 October

Explanation

TCS collected in a month must be paid to the Government within 10 days after the end of that month, i.e. by 10 October for September. The GSTR-8 statement for the month is also due by the 10th of the following month. The 20th is the due date for GSTR-3B, not for TCS deposit or GSTR-8.

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