TMI BlogOther provisions in respect of TCS ( Section 52(8) to 52(15) )X X X X Extracts X X X X X X X X Extracts X X X X ..... er the due date of filing GSTR -8 by the operator. It will reflect in GSTR 2A/GSTR-2B of the supplier once the GSTR -8 is filed by the operator. The same will be credited and claimed in an electronic cash ledger. Mismatch or Discrepancies As per section 52(9) of the CGST Act , if there is any mismatch/ discrepancy in Details of outward supplies furnished by e-commerce operato ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e outward supply furnished by the supplier. The act is silent about the vice-versa case. Tax On Discrepancy Value As per section 52(11) of the CGST Act , the additional tax will be payable on the differential amount/ discrepancy value along with the interest u/s 50(1) will be payable for the period from the date, it was due till the date of payment. Notice to Ecommerce Operator ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15 working days from the date such notice was served. Penalty provisions to fails to furnished information required [under section 52(14)] Any person who fails to furnish the information required by the notice served under sub-section (12) shall, without prejudice to any action that may be taken under section 122, be liable to a penalty which may extend to twenty-five thousand rupees. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ictions as may be specified therein, allow an operator or a class of operators to furnish a statement under sub-section (4), even after the expiry of the said period of three years from the due date of furnishing the said statement. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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