https://www.taxtmi.com/article/detailed?id=7731 E commerce operators must collect and remit TCS on a specified percentage of the net value of taxable supplies made through their platforms where they collect consideration; collected amounts are deemed tax paid on behalf of suppliers and credited to suppliers' electronic cash ledgers. The operator must file monthly statements with supply and collection details, provide those details electronically to suppliers for reconciliation, deposit collections within prescribed timelines, and rectify statement errors within the statutory correction period. Returns are matched with suppliers' filings and discrepancies may result in addition to suppliers' output tax liability. en-us Mon, 20 Nov 2017 06:31:10 +0530 Mon, 20 Nov 2017 06:31:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7731 E commerce operators must collect and remit TCS on a specified percentage of the net value of taxable supplies made through their platforms where they collect consideration; collected amounts are deemed tax paid on behalf of suppliers and credited to suppliers' electronic cash ledgers. The operator must file monthly statements with supply and collection details, provide those details electronically to suppliers for reconciliation, deposit collections within prescribed timelines, and rectify statement errors within the statutory correction period. Returns are matched with suppliers' filings and discrepancies may result in addition to suppliers' output tax liability. Articles Goods and Services Tax - GST Mon, 20 Nov 2017 06:31:10 +0530 https://www.taxtmi.com/article/detailed?id=7731