About This Service
When an e-commerce seller has significant sales, the 1% TCS often accumulates in their Electronic Cash Ledger. If the seller has a lower tax liability (e.g., due to high Input Tax Credit from purchases), this cash remains stuck. TCS Refund Support involves the process of converting this “Electronic Cash” into “Real Bank Balance.” It requires high-precision reconciliation to ensure the refund claim isn’t rejected due to data mismatches.
Eligibility & Criteria
- Forms: RFD-01 (Refund Application under the category “Refund of excess balance in Electronic Cash Ledger”).
- Process: First “Accept” the TCS credit on the portal, then file RFD-01.
