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Marg New Updates

TCS

Tax Collected at Source (TCS) is a tax which the seller collects from the buyer at the time of selling the goods. The Government has added a New Sub Section (1H) under Section 206 C which means that a seller who is selling goods within India may require collecting TCS from the buyer.

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e-Invoicing

A system in which Business-to-Business (B2B) invoices, Export invoices and Invoices of Credit/Debit Notes of Registered parties are validated electronically by GSTN for further use on the common GST portal.

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Marg Pay

Generally, when a distributor receives the payment online, they are not able to identify which retailer/customer has sent the payment and from which state. Most of the time, the distributor doesn’t even know that against which bill the payment has been received.

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