Question : What time should the e-commerce operator make collection of tax under GST ? Answer: The e-commerce operator should make the collection during the month in which the consideration amount is collected from the recipient. ( Note :every e-commerce operator (other than an operator required to pay tax under section 9(5) of the CGST… Read More »
Question : Is every e-commerce operator required to collect tax on behalf of actual supplier? Answer: Yes, every e-commerce operator (other than an operator required to pay tax under section 9(5) of the CGST Act, 2017) is required to collect tax where consideration with respect to a taxable supply is collected by such e-commerce… Read More »
Question : What is meant by “net value of taxable supplies” ? Answer: The “net value of taxable supplies” means the aggregate value of taxable supplies of goods or services or both, other than the services on which entire tax is payable by the e-commerce operator, made during any month by all registered persons through… Read More »
Question : It is very common that customers of e-commerce companies return goods. How these returns are going to be adjusted? Answer: An e-commerce company is required to collect tax only on the net value of taxable supplies. In other words, the value of supplies which are returned are adjusted in the aggregate value… Read More »
Question : What is Tax Collection at Source (TCS)? Answer: The e-commerce operator is required to collect an amount at the rate of one percent (0.5% CGST + 0.5% SGST) of the net value of taxable supplies made through it, where the consideration with respect to such supplies is to be collected by such operator.… Read More »
Question : Will threshold exemption be available to electronic commerce operators liable to pay tax on notified services? Answer: No. Threshold exemption is not available to e-commerce operators who are required to pay tax on notified services supplied through them. (Refer to Notification No. 17/2017- Central Tax (Rate) and Notification No 14/2017- Integrated Tax (Rate) dated… Read More »
Question : Will an e-commerce operator be liable to pay tax in respect of supply of goods or services made through it, instead of actual supplier? Answer: Yes, but only in case of services notified under Section 9(5) of the CGST Act, 2017. In such cases tax shall be paid by the electronic commerce operator if… Read More »
Question : Whether a person supplying goods or services through e-commerce operator would be entitled to threshold exemption? Answer: No. Section 24(ix) of the CGST Act, 2017 lays down that the threshold exemption is not available to such persons and they would be liable to be registered irrespective of the value of supply made by… Read More »
Question : Is it mandatory for e-commerce operator to obtain registration? Answer: Yes. As per Section 24(x) of the CGST Act, 2017 the benefit of threshold exemption is not available to e-commerce operators and they are liable to be registered irrespective of the value of supply made by them. Related GST FAQ GST on E… Read More »
Question : Who is an e-commerce operator ? Answer: Electronic Commerce Operator has been defined in Section 2(45) of the CGST Act, 2017 to mean any person who owns, operates or manages digital or electronic facility or platform for electronic commerce. Related GST FAQ GST on E Commerce : FAQ GST on Mining Sector :… Read More »