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

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..... within tax 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 t .....

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..... s 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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..... mmerce 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 network. .....

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