Clarification on Tax Liability and Input Tax Credit for E-Commerce Operators under GST.

Clarification on Tax Liability and Input Tax Credit for E-Commerce Operators under GST. https://www.taxtmi.com/highlights?id=84520 Electronic commerce operators (ECOs) required to pay tax u/s 9(5) of CGST Act for specified services supplied through their platform are not required to reverse proportionate input tax credit on inputs and input services utilized for such supplies u/s 9(5). However, ECOs cannot utilize the input tax credit for discharging tax liability u/s 9(5) which must be paid in cash through electronic cash ledger. The input tax credit can only be utilized for discharging tax liability on ECO's own services. en-us Thu, 02 Jan 2025 12:58:16 +0530 Thu, 02 Jan 2025 12:58:16 +0530 TaxTMI RSS Generator Clarification on Tax Liability and Input Tax Credit for E-Commerce Operators under GST. https://www.taxtmi.com/highlights?id=84520 Electronic commerce operators (ECOs) required to pay tax u/s 9(5) of CGST Act for specified services supplied through their platform are not required to reverse proportionate input tax credit on inputs and input services utilized for such supplies u/s 9(5). However, ECOs cannot utilize the input tax credit for discharging tax liability u/s 9(5) which must be paid in cash through electronic cash ledger. The input tax credit can only be utilized for discharging tax liability on ECO's own services. Highlights GST Thu, 02 Jan 2025 12:58:16 +0530 https://www.taxtmi.com/highlights?id=84520