https://www.taxtmi.com/article/detailed?id=8238 E commerce operators must collect TCS on payments received for third party supplies through their platforms, calculated on the monthly net taxable value of supplies (reduced by returns and excluding supplies on which the operator itself pays GST). Operators must deduct the notified TCS rate from amounts payable to suppliers, deposit the tax within the prescribed period, invoice commission to sellers, and file periodic TCS returns; failure to furnish requested transactional details or under reporting may attract penalties and adjustment to the supplier's account. en-us Tue, 13 Nov 2018 07:51:30 +0530 Tue, 13 Nov 2018 07:51:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8238 E commerce operators must collect TCS on payments received for third party supplies through their platforms, calculated on the monthly net taxable value of supplies (reduced by returns and excluding supplies on which the operator itself pays GST). Operators must deduct the notified TCS rate from amounts payable to suppliers, deposit the tax within the prescribed period, invoice commission to sellers, and file periodic TCS returns; failure to furnish requested transactional details or under reporting may attract penalties and adjustment to the supplier's account. Articles Goods and Services Tax - GST Tue, 13 Nov 2018 07:51:30 +0530 https://www.taxtmi.com/article/detailed?id=8238