TMI BlogE- Commerce TaxabilityX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Our clients is engaged providing E-commerce service like Zomato Gold where customer book reservation for dinning in a restaurant through our app. Customer book for dinning on certain day through our App. Restaurant raise bill in name of Customer and Customer pays bill of restaurant through our app. We deduct our commission and pays to the restaurant. Taxable Value- Rs 10000, GST 500, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Total = 10500. we deduct 1% Tcs Gst on 10000 = 100 1% 194O income tax Tds on Rs 10500= 105 Our Commission = 200 Net Payment to Restaurant = 10095. Query - 1. Whether 20 lacs exemption for Gst registration available for our commission of Rs 200 received by us. 2. Gst rate on Rs 200 commission received by us and SAC Code. 3. Whether deductions made by us are in accordance with law. - Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly By Altamush Zafar - The Reply = If you are providing services like that of Zomato then you are chargeable under section 9(5) . Therefore you are liable to pay GST on the whole amount as that of the restaurant. Kindly take paid professional opinion - Reply By Shilpi Jain - The Reply = If you are required to do TCS there is complusory registration. Why are you then looking at 20L time lim ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it? - Reply By ABHISHEK Kumar - The Reply = Dear Sir/ Mam, Thanks for your reply. For TCS GST Registration is mandatory. Just want to know whether for 2% commission earned by us, Rs 20 lacs exemption available or not. - Reply By ABHISHEK Kumar - The Reply = For TCS we have to mandatorily apply for separate Registration for Filing GSTR-8 . For Commission Income we have to apply for Normal Reg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... istration for filing GSTR-1 and 3B . whether Rs 20 lacs exemption available to us for our commission income. - Reply By KASTURI SETHI - The Reply = Not eligible for threshold exemption in this scenario. - Reply By Amit Agrawal - The Reply = 'every electronic commerce operator who is required to collect tax at source under section 52 ' needs to compulsorily take registration unde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r GST as per Section 24 (x) of the CGST Act, 2017 . - Reply By Amit Agrawal - The Reply = And Section 24 starts with non-obstante clause ' Notwithstanding anything contained in sub-section (1) of section 22 , the following categories of persons shall be required to be registered under this Act, ----------- ...................'. Thereby, optional relaxation from GST registra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion till aggregate turnover reaching 20 Lacs (as given in Section 22 (1) ) is not available to the electronic commerce operator who is required to collect tax at source u nder section 52 . - Reply By Amit Agrawal - The Reply = There is no notification under GST law to exempt anyone from paying GST till his aggregate turnover reaches Rs. 20 Lac. In other words, one is liable to pay GST agains ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t taxable supplies from the date he is liable to be registered under GST. In all above posts, shared views of mine are strictly personal and the same should not be construed as professional advice / suggestion. - Reply By Shilpi Jain - The Reply = Once registered liability will arise for every transaction and threshold exemption not applicable.UNder GST threshold exemption is only for registr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation and not for paying tax liability. - E- Commerce Taxability - Query Started By: - ABHISHEK Kumar Dated:- 1-6-2022 Goods and Services Tax - GST - Got 9 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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