TCS deducted by the E-commerce operators becomes available to the Suppliers as Credit. This Credit shall reflect in the GSTR-2A statement of the supplier in the ‘Part-C’ of the statement. This TCS credit can further be used to pay off the outward GST liabilities by the supplier. This can be done while GSTR 3B return filing.
Ecommerce
- Is it mandatory for every E-commerce operator to obtain the GST Registration?
- If a supplier supplies goods or services through E-com operator, would he be entitled to threshold exemption?
- Will an e-commerce operator be liable to pay tax in respect of supply of goods or services made through it, instead of actual supplier?
- What is the meaning of ‘net value of taxable supplies’ in E-commerce under GST?
- Is every e-commerce operator required to collect tax on behalf of actual supplier?
- When should the E-commerce operator collect the tax?
- How can suppliers supplying goods or services on E-commerce platforms claim Input Tax Credit?
- Which GST returns required to be submitted by the E-commerce operators? What are the details to be submitted in the returns?
- What does ‘Matching in e-commerce provisions’ mean and how it is going to work? What happens if the details remain mismatched?
- Sellers selling on the ECOs may have common places of business, especially if their goods are stored in a shared facility operated by the ECO. This shall result in the same additional place of business being registered by multiple suppliers. Is this allowed?