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    <title>Updated Provisions under GST and Income Tax Act applicable on E- Commerce Business platform or online market place</title>
    <link>https://www.taxtmi.com/article/detailed?id=11330</link>
    <description>E commerce operators must register for GST irrespective of turnover, treat commission as taxable support services enabling supplier ITC, obtain a separate TCS collection registration, collect TCS on the net value of supplies made through the platform, remit TCS monthly by the statutory due date and file specified periodic and annual e commerce returns; penalties apply for permitting unregistered sellers, ineligible inter state supplies or inaccurate e commerce filings. Under income tax, e commerce operators must withhold tax on gross sales through the platform, with limited exemptions for certain small individual/HUF sellers and payment gateways relieved where the ECO has deducted tax.</description>
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    <pubDate>Tue, 18 Apr 2023 10:00:20 +0530</pubDate>
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      <description>E commerce operators must register for GST irrespective of turnover, treat commission as taxable support services enabling supplier ITC, obtain a separate TCS collection registration, collect TCS on the net value of supplies made through the platform, remit TCS monthly by the statutory due date and file specified periodic and annual e commerce returns; penalties apply for permitting unregistered sellers, ineligible inter state supplies or inaccurate e commerce filings. Under income tax, e commerce operators must withhold tax on gross sales through the platform, with limited exemptions for certain small individual/HUF sellers and payment gateways relieved where the ECO has deducted tax.</description>
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