How to differentiate Electronic commerce operator with E-FPB?
What is Electronic commerce operator? How does E-FPB work under GST regime? What are the difference between Electronic commerce operator and E-FPB?
Under GST system, the following information explains about Electronic commerce operator and E-FPB.
As per GST terms, Electronic Commerce Operator has been defined in Sec. 2(45) of the CGST Act, 2017 to mean any person who owns, operates or manages digital or electronic facility or platform for electronic commerce and E-FPB stands for Electronic Focal Point Branch. These are branches of authorized banks which are authorized to collect payment of GST. Each authorized bank will nominate only one branch as its E-FPB for pan India transactions.
The details about Electronic commerce operator and E-FPB with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Electronic commerce operator and E-FPB, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Electronic commerce operator and E-FPB separately below. You may kindly read the below links to know more about E-FPB and Electronic commerce operator.
What is electronic commerce operator under GST
Meaning of E-FPB under GST
The above information easily explains about E-FPB and Electronic commerce operator.
I hope, you have satisfied with the difference between Electronic commerce operator and E-FPB explained above. Do you have different thought on difference between E-FPB and Electronic commerce operator?
Share below your thoughts about Electronic commerce operator and E-FPB
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