TCS in GST u/s 52

[milan bamal]

Hello Team,

Definition as per Section 52 (Collection of tax at source)

(1) Notwithstanding anything to the contrary contained in this Act, every electronic commerce operator (hereafter in this section referred to as the 'operator'), not being an agent, shall collect an amount calculated at such rate not exceeding one per cent., as may be notified by the Government on the recommendations of the Council, of the net value of taxable supplies made through it by other suppliers where the consideration with respect to such supplies is to be collected by the operator.

As per above definition Electronic commerce operator collect TCS and deduct from payment.

So my question is that Electronic commerce operator should calculate TCS amount on basic value or including GST amount value(Bill Value).

*As in income tax act, TCS it is collected on the total invoice value*

What's procedure of calculation of TCS under GST

AI Summary

Electronic Commerce Operators Must Calculate TCS on Net Taxable Value Excluding GST Under Section 52 Guidelines A discussion forum explores Tax Collected at Source (TCS) under Section 52 of the GST Act. The key issue is calculating TCS on electronic commerce transactions. Participants clarify that TCS should be calculated on the net taxable value, excluding GST, which differs from Income Tax TCS calculations. The discussion highlights the legislative nuances in defining taxable value and provides practical calculation guidance for electronic commerce operators.