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of <h1>E-commerce operators must collect =1% tax at source, remit monthly, file statements; suppliers get credit; reconciliations, penalties apply</h1> Every electronic commerce operator (not an agent) who collects payment on behalf of suppliers must collect tax at source at a government-notified rate not exceeding one percent of the net value of taxable supplies, remit it monthly, and file prescribed monthly and annual electronic statements. Suppliers may claim credit for amounts reflected in the operator's statement. Operators' and suppliers' returns are to be reconciled; discrepancies are communicated and, if unrectified, added to the supplier's output tax liability with interest. Authorities may require operators to furnish supply or stock details; noncompliance attracts penalties. Operators generally cannot file monthly statements after three years.
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