Trusted Corporate Consultancy across India
Taxation

TCS Filing

Last updated: August 2026 · Reviewed by the Ravel Corporate Advisors team

If your business sells goods that attract Tax Collected at Source, the collection, deposit and quarterly returns must be handled correctly. We manage the full TCS cycle for qualifying sellers.

Key takeaways

  • For sellers of specified goods (timber, scrap, minerals, etc.) and larger traders.
  • Quarterly TCS returns (Form 27EQ) and timely deposits.
  • TCS certificates (Form 27D) issued to buyers.
  • Avoids ₹200/day late fees and interest.

What we handle

  • Determining TCS applicability on your sales.
  • Correct collection rates and amounts.
  • Timely deposit of collected tax.
  • Quarterly Form 27EQ returns.
  • Form 27D certificates for buyers.

Our process

  1. Applicability check — what you sell and your thresholds.
  2. Collection guidance — correct rates on invoices.
  3. Deposit & return — timely payment and 27EQ filing.
  4. Certificates — 27D issued to your buyers.
Also deducting tax on payments? See TDS filing, and keep books aligned with accounting.
FAQs

TCS Filing — your questions answered

Tax Collected at Source (TCS) is tax a seller collects from the buyer on certain specified goods, then deposits with the government. Sellers of items like timber, scrap and certain minerals, and businesses crossing prescribed sale thresholds, must collect and file TCS.

TCS collected must be deposited within the prescribed time, and quarterly returns (Form 27EQ) are filed after each quarter.

Late filing attracts ₹200 per day (subject to limits) plus interest on late deposit, and can delay the buyer’s tax credit.

Yes. After filing, we generate Form 27D certificates for your buyers so they can claim their credit.

Handle TCS filing

Tell us what you sell and we’ll manage collection, deposit and quarterly returns.

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