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TCS on E-Commerce Operators (ECO) under GST

Goods and Services Tax - GST - By: - CA.VINOD CHAURASIA - Dated:- 8-9-2017 - Introduction: This article discusses in detail about Tax collected at source (TCS) on E-commerce under GST. Query 1. TCS is to be collected on the net taxable value of such .....

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77; 25, ECO will pay from his amount as per point#2 4) Practically, ECO will pay balance ₹ 900 to seller. My question is: 1) How much TCS has to be calculated in this case and on which amount. 2) How much actual amount has to be paid to seller .....

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(5)] is required to collect TCS @ 2% (1% CGST + 1% SGST) of the net value of taxable supplies made through it by other supplier where consideration with respect to a taxable supply is to be collected by such ECO. As per explanation to section 52, Net .....

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n to section 51 pertaining to Tax deduction at source. According to this, the value of supply shall be taken as the amount excluding the Central tax, State Tax, UT Tax, Integrated Tax and cess indicated in the invoice. In view of the above, 1. The va .....

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