Tax collected at source on e commerce supplies requires operator statements and credit to supplier cash ledger. Operators collecting tax at source must furnish an electronic statement on the common portal identifying supplies and tax collected; those details are made available to suppliers for crediting to their electronic cash ledger upon validation. Operators must file recurring monthly statements and an annual reconciliation, deposit collected tax within the prescribed schedule, and may rectify statement errors within the prescribed rectification window subject to interest.
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Tax collected at source on e commerce supplies requires operator statements and credit to supplier cash ledger.
Operators collecting tax at source must furnish an electronic statement on the common portal identifying supplies and tax collected; those details are made available to suppliers for crediting to their electronic cash ledger upon validation. Operators must file recurring monthly statements and an annual reconciliation, deposit collected tax within the prescribed schedule, and may rectify statement errors within the prescribed rectification window subject to interest.
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