GST TCS Refund
TCS under GST, or Tax Collected at Source, is a mechanism where a buyer deducts a specific percentage of tax at the source of payment made to a seller. This collected tax is then deposited with the government on the seller’s behalf. To claim a refund-
The Seller must be registered under GST
The Seller must have filed the necessary returns (GSTR-1 and GSTR-3B)
The Seller must have excess TCS credited to their electronic cash ledger
