Collection of tax at source by electronic commerce operators: operator must collect prescribed share of supplies and remit to government Obligation placed on electronic commerce operators to collect a prescribed tax at source amount on the net value of taxable supplies made through them where consideration is collected by the operator, remit the amount to government, and furnish monthly and annual electronic statements; suppliers may claim credit for collected amounts, operator and supplier records are to be matched and discrepancies communicated, unrectified excess operator reported values may be added to supplier output tax with interest, and authorities may demand further supply and stock information with penalties for noncompliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Collection of tax at source by electronic commerce operators: operator must collect prescribed share of supplies and remit to government
Obligation placed on electronic commerce operators to collect a prescribed tax at source amount on the net value of taxable supplies made through them where consideration is collected by the operator, remit the amount to government, and furnish monthly and annual electronic statements; suppliers may claim credit for collected amounts, operator and supplier records are to be matched and discrepancies communicated, unrectified excess operator reported values may be added to supplier output tax with interest, and authorities may demand further supply and stock information with penalties for noncompliance.
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