https://www.taxtmi.com/article/detailed?id=7603 E commerce operators (except those under alternate liability) must collect TCS on the net value of taxable supplies they collect consideration for; net value equals aggregate taxable supplies less returns and supplies under the alternate provision, and the value of supply excludes central, state, integrated taxes and cess. TCS is therefore computed on the invoice value exclusive of taxes, GST rates do not affect the TCS base, and the supplier remains liable to pay GST on the full invoice value while the ECO may deduct commission and service charges before remittance. en-us Fri, 08 Sep 2017 06:09:10 +0530 Fri, 08 Sep 2017 06:09:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7603 E commerce operators (except those under alternate liability) must collect TCS on the net value of taxable supplies they collect consideration for; net value equals aggregate taxable supplies less returns and supplies under the alternate provision, and the value of supply excludes central, state, integrated taxes and cess. TCS is therefore computed on the invoice value exclusive of taxes, GST rates do not affect the TCS base, and the supplier remains liable to pay GST on the full invoice value while the ECO may deduct commission and service charges before remittance. Articles Goods and Services Tax - GST Fri, 08 Sep 2017 06:09:10 +0530 https://www.taxtmi.com/article/detailed?id=7603