Tax Collection at Source requires e commerce operators to collect and remit tax on net taxable supplies, enabling suppliers claim credit. Electronic commerce and electronic commerce operators are defined; ECOs must register and, except where notified to pay tax on specified services, collect Tax Collection at Source on the net value of taxable supplies for which they collect consideration. ECOs must remit collected amounts within the statutory period, file monthly FORM GSTR 8 and an annual statement, and reported collections are credited to suppliers for input credit. Supplies returned reduce the net value; matching of ECO statements with suppliers' returns is required and unresolved discrepancies are added to suppliers' output liability, with interest. Tax officers may require ECOs to furnish details.
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Provisions expressly mentioned in the judgment/order text.
Tax Collection at Source requires e commerce operators to collect and remit tax on net taxable supplies, enabling suppliers claim credit.
Electronic commerce and electronic commerce operators are defined; ECOs must register and, except where notified to pay tax on specified services, collect Tax Collection at Source on the net value of taxable supplies for which they collect consideration. ECOs must remit collected amounts within the statutory period, file monthly FORM GSTR 8 and an annual statement, and reported collections are credited to suppliers for input credit. Supplies returned reduce the net value; matching of ECO statements with suppliers' returns is required and unresolved discrepancies are added to suppliers' output liability, with interest. Tax officers may require ECOs to furnish details.
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