We use cookies to understand which pages and tools are useful, nothing more — no ad tracking across other sites. You can change this later from the footer.

Skip to content
Lekhya.in

TCS under GST

Tax Collected at Source — a GST compliance obligation requiring e-commerce operators to collect tax on the net value of taxable supplies made through their platform.

Related terms

  • Substantive Procedures

    Audit procedures designed to detect material misstatements at the assertion level directly — tests of detail and substantive analytical procedures.

  • Tax Audit (Section 44AB)

    A mandatory audit under the Income Tax Act for businesses and professionals above specified turnover or receipts thresholds, reported in Form 3CA/3CB and Form 3CD, distinct from the statutory audit under the Companies Act.

  • TDS (Tax Deducted at Source)

    Income tax deducted at the point a payment is made (salary, contractor fees, rent and more) and deposited with the government on the payee's behalf.

  • TDS under GST (Section 51)

    A GST compliance obligation requiring specified categories of deductors (government bodies and others) to deduct tax at source on payments to suppliers above a threshold.

Browse every term

231 terms in total, or go deeper with working procedures and worked examples in the resource library.

Back to the glossaryOpen the resource library