Widening the scope of TDS on E-commerce transactions through insertion of a new section.

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..... net, it is proposed to insert a new section 194-O in the Act so as to provide for a new levy of TDS at the rate of one per cent. with the following key points: • The TDS is to be paid by e-commerce operator for sale of goods or provision of service facilitated by it through its digital or electronic facility or platform; • E-commerce operator is required to deduct tax at the time of .....

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..... amount of sales or services or both of such individual or HUF, through e-commerce operator, during the previous year does not exceed five lakh rupees and such e-commerce participant has furnished his Permanent Account Number (PAN) or Aadhaar number to the e-commerce operator. • A transaction in respect of which tax has been deducted by the e-commerce operator under this section or which is .....

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..... -commerce participant. • "e-commerce participant" is defined to mean a person resident in India selling goods or providing services or both, including digital products, through digital or electronic facility or platform for electronic commerce. • "electronic commerce" is defined to mean the supply of goods or services or both, including digital products, over digital or electronic ne .....

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