To claim TCS credit from Myntra settlements, total the TCS shown in each settlement report by month, then compare it with the credit that appears in your GST portal after Myntra files its return. Use the credit as the portal allows, and raise any difference with Myntra, quoting settlement IDs, GSTIN and period. Confirm current rules with your tax adviser.
What TCS on Myntra settlements means
Under GST, e-commerce operators must collect tax at source (TCS) on the net value of taxable supplies that sellers make through them, and deposit it with the government. Myntra deducts this amount from your payout and shows it in your settlement data. The rate is notified by the government and can change, so check the latest CGST notification, your seller agreement or your tax adviser instead of relying on an old article.
Do not confuse this with income-tax TDS under section 194-O, which marketplace operators may also deduct. That credit is claimed through your income-tax return and appears against your PAN. These are two different credits in two different places. Ask your CA which ones apply to your business.
Where each credit shows up
- Settlement reports: the TCS deducted, usually as a separate line or column. This is your starting figure.
- GST portal: TCS reported by Myntra in its GSTR-8 flows to your account and is reflected in your electronic cash ledger. Menu names change, so check the current portal and the CBIC guidance.
- Form 26AS or AIS: where income-tax deductions made by the operator appear against your PAN.
If a number is in your settlement but not in these records, you have not yet received credit for it.
Step-by-step: claiming and matching TCS credit
- Download settlement reports for the month from the Myntra seller portal and note the TCS in each settlement.
- Group by GSTIN and period. If you are registered in more than one state, keep each GSTIN separate. Settlement date and the return period Myntra reports under can differ, so confirm with seller support how the period is assigned.
- Wait for the operator filing. Myntra reports TCS in GSTR-8 after month end. Check the current due date, as credit cannot appear before the filing.
- Check the GST portal for the same period and compare your total with the credit shown.
- Use the credit against your GST liability as the cash ledger rules allow, and confirm the process with your tax adviser before filing GSTR-3B.
- Raise differences with Myntra, quoting settlement IDs, GSTIN, period, amounts and screenshots from both sources.
- Track the fix. Corrections usually come through an amendment in a later operator return, so recheck the portal next month.
Why TCS credit does not match
| Possible cause | What to check |
|---|---|
| Wrong or old GSTIN used | GSTIN on settlement data versus your registration |
| Timing difference | Settlement date versus reporting period |
| Returns and credit notes netted | Net value logic in your settlement and return reports |
| Operator filed late or not yet | Whether the period has been reported on the portal |
| State-wise split differs | Place of supply and your state registrations |
Rules on netting and period assignment depend on the law and Myntra's process. Read your seller agreement and ask your tax adviser rather than assuming.
A monthly routine that keeps credit clean
- Close each month's settlements before comparing with the portal, so you are not chasing partial data.
- Keep a TCS register with period, GSTIN, settlement-wise amount, portal amount, difference and status.
- Save portal screenshots or downloads with the date you took them.
- Keep every query with Myntra in one thread, including ticket numbers.
- Review open differences every month rather than at year end, when records are harder to trace.
Where reconciliation tooling helps
Matching TCS by hand across hundreds of settlements is slow and easy to get wrong. MarketplaceMetrics by Fundle reconciles marketplace sales and settlements, checks deductions against agreed terms, and tracks returns and recovery cases, so a TCS gap can sit in the same trail as other disputed amounts. Myntra Excel reports are reviewed today, and other marketplaces are in scope discussion. Pricing is a tailored quote.
Worked example
Illustrative example only. These figures are made up to show the method and are not actual rates or amounts.
| Month | TCS per Myntra settlements (₹) | TCS per GST portal (₹) | Difference (₹) |
|---|---|---|---|
| April | 4,200 | 4,200 | 0 |
| May | 5,100 | 4,650 | 450 |
| June | 3,800 | 3,800 | 0 |
| Total | 13,100 | 12,650 | 450 |
Here, May needs attention. Check whether the GSTIN and period match, then raise the ₹450 gap with Myntra along with the May settlement IDs. Recheck the portal after the next operator return.
Questions and answers
Is TCS credit the same as TDS credit on Myntra payouts?
No. GST TCS is collected under GST and shows in your GST portal and cash ledger. Income-tax TDS, such as under section 194-O, appears in Form 26AS or AIS against your PAN. Confirm which applies to you with your tax adviser.
Why is TCS in my settlement but not on the GST portal?
Common reasons are that Myntra has not yet filed its GSTR-8 for that period, a different GSTIN was used, or the period differs from the settlement date. Compare by GSTIN and period, then raise a ticket with Myntra if it persists.
What is the TCS rate on Myntra settlements?
The rate is set by government notification and may change, so it is not quoted here. Check the latest CGST notification, your seller agreement and settlement reports, or ask your tax adviser to confirm the current rate.
What should I send Myntra to fix a TCS mismatch?
Send settlement IDs, the GSTIN, the return period, your TCS total, the portal total, the difference and screenshots of both. A clear month-wise table makes it easier for the seller support or finance team to trace and correct.