Deduction of GST by E-Commerce Operator
This query is : Resolved
Faris Jalali
(Querist)
16 April 2022
I am seller selling my products on ecommerce sites like flipkart, amazond, meesho recently.
I understand that TCS of 1 percent will be deducted from payment, buy the ecommerce site is also deducting the GST on the basic amount of the product from me. In that case am i Liable to pay the gst and what sort of entry would i show in my tally as the gst for the product has not been collected by me.
I understand that TCS of 1 percent will be deducted from payment, buy the ecommerce site is also deducting the GST on the basic amount of the product from me. In that case am i Liable to pay the gst and what sort of entry would i show in my tally as the gst for the product has not been collected by me.
CA R SEETHARAMAN
(Expert)
16 April 2022
You are liable to collect GST and pay to the government after adjusting TCS of 1%.
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