About This Service
This is a crucial audit process where the seller’s internal sales records are matched against the TCS Statement provided by the e-commerce marketplace (Amazon/Flipkart) and the GSTR-8 filed by them. Since marketplaces deduct 1% TCS on net taxable sales, this amount must reflect in the seller’s Electronic Cash Ledger. Reconciliation ensures that the sales reported by the marketplace match the sales reported by the seller, preventing departmental notices for “under-reporting.”
Eligibility & Criteria
- Forms: GSTR-2A/2B (to view TCS credit) and TDS/TCS Credit Received tab on the portal.
- Penalties: If mismatches occur, the department may demand the differential tax with 18% interest and a penalty of ₹10,000 or 10% of the tax.
