GST calculation for an e-commerce order is based on the customer's invoice address that can be specified on the Checkout page of the e-commerce site. By default, the shipping address of the order is used as the invoice address. However, the invoice address can also be selected in the ...
via the operator’s online platform, the tax is known as Tax Collected at Source (TCS) under GST. TCS will be levied as a percentage of net taxable supply. CGST Act Section 52 deals with TCS provisions under GST. You can understand more about it at:GST Registration for E-Commerce. ...
As per GST Law for business of e-Commerce, every operator on whom a notice has been served under sub-section (10) shall furnish the required information within five working days of the date of service of such notice. Penalty for e-Commerce GST payers against default of producing information ...
This article discusses some of the general taxation issues arising as a result of the growth of e-commerce in New Zealand. Some of these issues, including potential lose of taxation revenue, have been brought into sharp focus recently by the release of the New Zealand Government's discussion ...
Negative impact on Cash flow -E-commerce under GST could see a negative impact on the cash flow for suppliers, primarily because of the tax collected at source i.e.TCSat 1% by operators. This tax paid will be available as input credit to the supplier on 20thof the next month, which me...
GST can also be calculated for shipping charges included in an e-commerce order on the line level. Customer registration numbers (such as GSTIN or PAN) can be specified in a customer profile on an e-commerce site.See alsoGoods and Services Tax (GST) integration for e-com...
The Confederation of All India Traders has sent an important communication to all Chief Ministers of Indian States drawing their attention towards GST avoidance by e-commerce players causing huge loss of GST revenue to both state & central Govt and also urged support for E-Commerce Rules under ...
As per Section 43C of Model GST Law, the concept of TCS has been applied with a cap of 1% for all the seller community. Such amount of TCS is to be deposited by the E-commerce operator to the GST account by the 10th day of the next month. As per the MGL, both the supplier and...
The GST has also had a negative impact on the e-commerce sector due to the increased costs that companies are now facing. For example, the GST rate for delivery and logistics services is 18%, which is significantly higher than the 2% CST that was levied previously. ...
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