Term electronic commerce operator under GST
Electronic Commerce Operator:
This post explains about electronic commerce operator
Electronic Commerce:
Electronic Commerce has been defined in Sec. 2(44) of the CGST Act, 2017 to mean the supply of goods or services or both, including digital products over digital or electronic network.
Electronic Commerce Operator
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.
Registration:
As per Section 24(x) of the CGST Act, 2017 the benefit of threshold exemption is not available to e-commerce operators and they are liable to be registered irrespective of the value of supply made by them.
TCS Provisions for E-Commerce Operator under GST:
The e-commerce operator is required to collect an amount at the rate of one percent (0.5% CGST + 0.5% SGST) of the net value of taxable supplies made through it, where the consideration with respect to such supplies is to be collected by such operator. The amount so collected is called as Tax Collection at Source (TCS).
The amount of TCS paid by the operator to the government will be reflected in the GSTR-2 of the actual registered supplier (on whose account such collection has been made) on the basis of the statement filed by the operator. The same can be used at the time of discharge of tax liability in respect of the supplies made by the actual supplier.
This post describes about electronic commerce operator. Comment below your thoughts about this post electronic commerce operator.
Learn Exports Imports Free, Click here
Click here to know GST rate of your goods or service
CGST Act Section 1 Short title, extent and commencement
CGST Act Section 2 definitions
CGST Act Section 3 of CGST Act, 2017
CGST Act section 4 Appointment of officers
CGST Act Section 5 Power of officers
CGST Act Section 6 of CGST Act, 2017
CGST Act section 7 Levy and collection of Taxes, Scope of supply
CGST Act section 8 Tax liability on composite and mixed supplies
CGST Act Section 9 Levy and collection of GST
CGST Act section 10 composition Levy under GST
CGST Act section 11 power to grant exemption from tax
CGST Act section 12 Time of supply of goods
CGST Act section 13 Time of supply of services
CGST Act Section 14 Change in rate of tax in respect of supply of goods or services
CGST Act Section 15 value of taxable supply under GST
Meaning of GST Practitioner
Term Revenue neutral rate (RNR) under GST
Term Revocation of cancellation of registration under GST
What is returns mechanism under GST
What is the difference between BAF and CAF
What is the difference between High sea sales and imports
What is the difference between re-exports and re-imports
How does First Appraisement system of import customs clearance procedures work?
How does Letter of Credit work?
How does Bill of Lading work in DP payment terms?
How does STP units work in India?
How to export from India to Croatia?
Documents required for Export from Croatia
Customs procedures for Croatia Export