Section 52(1) to 52(3) tax Collected at Source

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..... ection 206C of the Act. TCS as per GST Act,2017 It is the tax payable by an e-commerce operator to the Government, which the e-commerce operator collects from the payments received from the buyer on behalf of the supplier/seller for the taxable supplies of goods or services made through the e-commerce portal. As per section 52 , an e-commerce operator is liable to collect TCS only .....

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..... ces covered u/s 9(5) But for the supplier of services other than services covered u/s 9(5), GST registration will take into consideration the exemption limit of turnover. [Government had notified the same vide CGST Notification No. 65/2017 dated 15th November 2017 .] Collection Of Tax As per section 52(1) of the CGST Act , it is the obligation of the e-commerce operator t .....

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..... GST SGST. For Eg. If Mr. X is a supplier who sells a toy of Rs.5,000(which is inclusive of tax commission) on Flipkart(e-commerce portal). On receipt of Rs. 5,000 by Flipkart, it will first collect tax @1% on full value including commission i.e. Rs. 50. As per the explanation referred in section 52(1) of the CGST Act , The net value of taxable supplies means the aggregate value of .....

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