Hi all,
a company is requiring to register under GST. it is an e-commerce operator for activities not covered under section 9(5). Thus it is requiring to collect TCS @ 1% on the sale value of the seller. e commerce operator charges a service charge on the sale value on which GST is charged. [ Total value-899 {Sale value of seller 800, service charge of ecommerce operator 99, GST on service charge 17.82(18% of 99), TCS on the transaction 8 (1% of 800)}]. Does the e commerce operator need to obtain 2 registration under regular scheme as well as tax collector(e-commerce). Kindly suggest on how to move forward with the registration. Also is there any other tax implications that i should be aware of? for example 194O.. does i need to deduct TDS under income tax as well as TCS under GST? Does all the sellers on the platform of the e-commerce needs to be registered under GST?
CAclubindia
