CA Rajeev Jain started his career, as an ordinary small individual Chartered Accountant in Delhi with his immense hard work, deep knowledge and talent gradually, he rose to become a leading Chartered Accountant. He is now recognized as one of the most respected member having two decades of seniority. He has qualified as a Chartered Accountant in 2002. Apart from being a fellow member of the Institute of Chartered Accountants of India (ICAI), He holds the degree of Diploma in Information System Audit from the Institute of Chartered Accountants of India, Diploma in Export Management and Bachelor of Commerce. He has also completed training programs conducted by the ICAI in the field of International Taxation and Forex & Treasury Management. In the year 2015, he was elected as member of Executive Committee in “Delhi Sales Tax Bar Association”, one of the reputed and largest association of India. Mr. Jain has earned reputation for his work amongst professionals & society in general. He is currently senior partner in M/s Rajiv Udai & Associates “RUA”, a well- known firm of Chartered Accountants. The firm is associated as auditors and tax consultant to various large business houses and leading Public sector undertakings. He has also conducted Audits of Prestigious Government Companies. Rajeev Jain carries extensive professional experience in various fields of financial advisory including tax and regulatory advisory, Cross Border transactions, transactions advisory, valuations, accountancy, corporate law, audit and assurance. He possesses a profound direct tax and indirect tax experience for approx. two decades. Unfathomable Experience of two decades, Most Senior Fellow, Immeasurable Technical Expertise, Remarkable Acumen in Business Matters Senior among all, Rajeev Jain has a philosophy of quality before quantity, and is focused on building a solid successful accounting practice based on quality team members, and quality clients. This is possible due to his vast technical and expert knowledge of Direct Taxation Laws, Indirect Taxation Laws, International Taxation, Cross Border Transactions, Business Process and Audit and Accounting.
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TCS on e-commerce platforms requires operators to collect and remit tax monthly and register for TCS separately.
E commerce operators must register for GST where required to collect tax at source, charge GST on platform fees and commissions, and collect TCS on net taxable supplies with separate TCS registration, monthly filing in Form GSTR 8 and annual filing in Form GSTR 9B. Suppliers may claim input tax credit for GST charged on platform commissions. Separately, the Income Tax regime imposes a TDS deduction obligation on ECOs for amounts credited or paid to resident e commerce participants, subject to specified exemptions and identification requirements. (AI Summary)
Goods and Services Tax - GST