TMI BlogTCS Mechanism under GST - Section 52X X X X Extracts X X X X X X X X Extracts X X X X ..... lectronic commerce operator when a supplier supplies some goods or services through its portal and the payment for that supply is collected by the electronic commerce operator. We will discuss the exact 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 e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by paying the supplier the price of the product /services, less the tax, calculated at the rate of 1%. The said amount will be calculated on the net value of the goods/ services supplied through the portal of the operator. (i) Supply of goods or services on own account by ECO where the ECO makes supplies of goods and/or services on his own account, he would be liable to discharge of GST i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o collect an amount out of the consideration paid or payable to the actual supplier of goods or services under section 52 of CGST Act in respect of supplier of goods and/or services made through such operator, deposit with the government and provided the necessary information. When the ECO it self be deemed as supplier [ Section 9(5) of CGST Act and Section 5(5) of IGST Act ] The go ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... merce 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 has indicated one administrative jurisdiction where all e-commerce operators having business (but not having physical presence) in that State/UT shall register. The proper officer for the purpose of registration of ECOs has also been ..... X X X X Extracts X X X X X X X X Extracts X X X X
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