The latest requirement in the Finance Act 2020-21 is for sellers to collect TCS if their sales value exceeds Rs. 50 lakhs. The law will be enforced from October 1, 2020.
To help you comply with the TCS provisions, we will calculate the TCS of your B2B sales. It will be calculated at the invoice value, i.e base value + GST. 0.075%/0.75% TCS on total invoice value will be added on all sales invoices generated on or after October 1, 2020. Please refer to this document to know more about TCS. Insight to TCS on sale of goods
To enable the TCS option please follow this process.
We want you to focus on driving business profitability and leave the taxation process on us!
In case of any queries, get in touch with our customer support via our helpdesk or write to us at email@example.com. You can also talk to our product support executive directly via the live chat feature available on the dashboard, from 9 a.m. to 7 p.m IST. on weekdays, from 9 a.m.– 5 p.m. on weekends and 9 a.m to 6 p.m. EST for non-Indian sellers.
Happy seamless selling!