Question : There are cases in which the ECO (e-Commerce operators) does not provide invoicing solution to the seller. In such cases, invoice is generated by the seller and received by the buyer without ECO getting to know about it. The payment flows through the ECO. In such cases, on what value is TCS to… Read More »
Question : There are transactions in which two or more ECOs (e-Commerce operators) are involved. In such cases who would deduct the TCS? Answer: In such cases, each transaction needs to be treated separately and examined according to the provisions of Section 52 of the CGST Act, 2017. The TCS will be deducted accordingly. … Read More »
Question : Do travel agents providing services through digital or electronic platform qualify as ECOs? Will they be required to collect tax at source as per the provisions of Section 52 of the CGST Act, 2017? Answer: Online travel agents providing services through digital or electronic platform will fall under the category of ECOs liable… Read More »
Question : The sellers supplying goods through e-Commerce operators (ECO) may have common places of business, especially if their goods are stored in a shared facility operated by the ECO. This will result in the same additional place of business being registered by multiple suppliers. Is this allowed? Answer: Yes, this is allowed. Any registered… Read More »
Question : Are there any powers given to tax officials under the GST Act to seek information on supply/stock details from e-commerce operators? Answer: Yes. Any officer not below the rank of Deputy Commissioner may issue a notice to the electronic commerce operator to furnish such details within a period of 15 working days from… Read More »
Question : What will happen if the details of supplies furnished by e-commerce remain mismatched under GST? Answer: The amount in respect of which any discrepancy is communicated and which is not rectified by the supplier in his valid return or the operator in his statement for the month in which discrepancy is communicated… Read More »
Question : What is the concept of matching in e-commerce provisions and how it is going to work? Answer: The details of supplies furnished by every operator in his statement for the month will be matched with the corresponding details of outward supplies furnished by the concerned supplier in his valid return for the same… Read More »
Question : Is the e-commerce operator required to submit any statement? What are the details that are required to be submitted in the statement? Answer: Yes, every operator is required to furnish a statement, electronically, containing the details of outward supplies of goods or services effected through it, including the supplies of goods or services… Read More »
Question : How can actual suppliers claim credit of TCS ( deducted by E commerce operator) under GST ? Answer: The amount of TCS paid by the operator to the government will be reflected in the GSTR-2 of the actual registered supplier (on whose account such collection has been made) on the basis of the… Read More »
Question : What is the time within which such TCS is to be remitted by the e-commerce operator to Government? Answer: The amount collected by the operator is to be paid to the government within 10 days after the end of the month in which amount was so collected. (Refer to Section 52(3) of the… Read More »