Collection of tax at source by e commerce operators: mandatory levy, reporting, matching and consequences for unrectified discrepancies.

Section 52 requires every electronic commerce operator (not an agent) to collect, at a government notified rate not exceeding one per cent, on the net value of taxable supplies where the operator collects consideration; remit collected amounts within ten days after the month of collection; file prescribed monthly and annual electronic statements of outward supplies, returns and collections; permit rectification subject to time limits and interest; allow suppliers to claim credit for collected amounts; implement matching and discrepancy procedures that may add unrectified excess to supplier output tax with interest; and comply with information notices under penalty.

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