sandhya chavan (27 Points)
23 September 2021
Sravan Reddy G
(CA)
(618 Points)
Replied 23 September 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 23 September 2021
In GST, the obligation to collect tax at source has been placed upon Electronic Commerce Operators and no other class of suppliers.
TCS refers to the tax which is collected by the e-commerce operator when a supplier supplies some goods or services through its portal and the payment for that supply is collected by the e-commerce operator. The e-commerce operator should collect the TCS at 1% from the suppliers
The TCS provisions under GST explains that an e-commerce operator is the one who is required to collect (by way of deduction) tax from the payment to be made to the suppliers of goods and services, who had supplied such goods and services using e-commerce operator’s platform.
Such amount is required to be collected on earlier of the following two events:
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 23 September 2021
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