New functionality added for TCS & Composition taxpayers

Recently GST portal added new features.

  • Multiple times amendment in Table 4 of Form GSTR-8 (e-commerce return), allowed:
  • Restriction of amending transactions detail only once, in the table 4 (i.e. amendment table) of Form GSTR-8, removed. Ease for suppliers making sale through E-com operators, in getting correct TCS refunds.
  • Composition taxpayers, can take TCS and TDS refunds!
  • Composition taxpayers, like Restaurants service provider, supplying through E-Commerce Operators, can avail TCS and TDS refunds, through the feature added on GST portal.
  • Transactions accepted by composition taxpayer will be credited to their GST cash ledger. A simple TDS/ TCS form is to be filed.

Source: GSTN

-Tanvi Sharma
Associate
ShineWing India