https://www.taxtmi.com/article/detailed?id=8162 Section 51 and Section 52 of the CGST Act, effective October 1, 2018, establish statutory regimes requiring specified government and notified entities to deduct tax at source from supplier payments above the contract threshold and obliging electronic commerce operators to collect tax at source on net supplies made through their platforms. Both deductors and collectors must compulsorily register, remit deducted/collected tax within ten days after month end, issue prescribed certificates or statements, enable deductees/suppliers to claim input tax credit for tax reflected in returns, and comply with matching, reconciliation, interest, penalty and refund procedures prescribed under the Act. en-us Mon, 17 Sep 2018 10:28:41 +0530 Mon, 17 Sep 2018 10:28:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8162 Section 51 and Section 52 of the CGST Act, effective October 1, 2018, establish statutory regimes requiring specified government and notified entities to deduct tax at source from supplier payments above the contract threshold and obliging electronic commerce operators to collect tax at source on net supplies made through their platforms. Both deductors and collectors must compulsorily register, remit deducted/collected tax within ten days after month end, issue prescribed certificates or statements, enable deductees/suppliers to claim input tax credit for tax reflected in returns, and comply with matching, reconciliation, interest, penalty and refund procedures prescribed under the Act. Articles Goods and Services Tax - GST Mon, 17 Sep 2018 10:28:41 +0530 https://www.taxtmi.com/article/detailed?id=8162