Collection of tax at source by electronic commerce operators requires remittance of a specified rate on net taxable supplies. Section 52 requires every electronic commerce operator (not being an agent) to collect tax at source at a specified rate on the net value of taxable supplies made through it where consideration is collected by the operator, remit the amount within ten days after the month of collection, furnish prescribed monthly and annual electronic statements, permit rectification within prescribed timelines subject to interest, allow suppliers to claim credit for collected amounts, and follow prescribed matching, discrepancy communication, addition to supplier output tax liability, and enforcement and penalty mechanisms.
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Provisions expressly mentioned in the judgment/order text.
Collection of tax at source by electronic commerce operators requires remittance of a specified rate on net taxable supplies.
Section 52 requires every electronic commerce operator (not being an agent) to collect tax at source at a specified rate on the net value of taxable supplies made through it where consideration is collected by the operator, remit the amount within ten days after the month of collection, furnish prescribed monthly and annual electronic statements, permit rectification within prescribed timelines subject to interest, allow suppliers to claim credit for collected amounts, and follow prescribed matching, discrepancy communication, addition to supplier output tax liability, and enforcement and penalty mechanisms.
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