TCS Mechanism under GST - Section 52 - GST Ready Reckoner - GST

..... xact nature of TCS with an example. There are many Electronic Commerce operators (ECO) [hereinafter referred to as an Operator], like Amazon, Flipkart, Jabong,e-bay etc. operating in India. These electronic commerce operators displays / lists on their portal products as well as services which are actually supplied by some other person to the consumer. The goods or services belonging to other suppliers are displayed on the portals of the electronic commerce operators and consumers buy such goods/ .....

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TCS Mechanism under GST - Section 52 - GST Ready Reckoner - GST

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..... same from its inventory like any other normal supplier. It is liable to comply with all the obligation under CGST, SGST and IGST, as the case may be. He is also liable for obtaining registration, payment of GST, filling of periodical returns etc. as any other supplier. (ii) Supply of goods or services as a facilitator The government may, on the recommendation of the council, specify categories of services (and not Goods) where ECO would be deemed as services provider (instead of actual services .....

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TCS Mechanism under GST - Section 52 - GST Ready Reckoner - GST

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..... he aggregatr, such as Uber, Ola, Zomoto, Bigbasket Etc. instaed of the individual services provider, were deemed as supplier of services. Circumstances when ECO does not have physical presence in India Where registered supplier is supplying goods or services through a foreign e-commerce operator to a customer in India. such foreign e-commerce operator would be liable to collect TCS on such supply and would be required to obtain registration in each State / UT. It may be noted that each State/UT .....

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TCS Mechanism under GST - Section 52 - GST Ready Reckoner - GST

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