Persons under section 51 and 52

1230 views 4 replies

e.mohan goud

Paid Asistant

141 Points Joined November 2011

Any person required to deduct tax in accordance with the provisions of section 51 or a person required to collect tax at source in accordance with the provisions of section 52 shall electronically submit an application, duly signed or verified through EVC, in FORM GST 4 REG-07 for grant of registration through the Common Portal, either directly or from a Facilitation Centre notified by the Commissioner. Who is the Persons required to deduct Tax u/s 51?

Replies (4)

Preeti (Team_GSTSoln)

Team GST Experts

1926 Points Joined April 2011

covered person og govt dept, agency, authority & specified persons (not notified till no`w)

CA NEHA RAMPURIA

Taxation Consultant

1823 Points Joined October 2010

Under sec 52 an e commerce operator who is required to collect tcs

M N BADI

District Treasury Officer

39 Points Joined November 2015

Postponement of provision relating to TDS (Section 51) and TCS ( Section 52) of the CGST / SGST Act 2017

https://pib.nic.in/newsite/PrintRelease.aspx?relid=166896

JAYS

MBA

97 Points Joined April 2014

Dear team,

Kindly share the entries for the goods sold by an ecommerce company say of Rs 10000/- of total value, on its platform. as per new notification TCS @ 1% would be 10000*1%= 100. Also if he charges 200 commission from vendor, then please share the net payable amount to vendor,

1. would it be 10000-200(commission)-36(IGST 18%) -100(TCS @ 1%)=9664

10000-200-36-100=9664

2.10000-200(commission)-1800(IGST 18% of 10K) -100(TCS @ 1%)=7900

10000-200-1800-100=7900

Please reply on urgent basis.

Thanks in advance