My elucidation on various GST provisions applicable on Electronic Commerce Operators and suppliers who do their business through these online portals [ with analysis of latest Notification No. 52/2018 – Central Tax dated 20th September, 2018 and Notification No. 51/2018 – Central Tax dated 13th September, 2018.
My elucidation on various GST provisions applicable on Electronic Commerce Operators and suppliers
1. September 21, 2018
GST PROVISIONS RELATED TO
ELECTRONIC COMMERCE OPERATOTS &
SUPPLIERS THROUGH ECO
Pradeep Kumar Goyal & Associates, Chartered Accountants |
For education purpose only
Notifiedundersection9(5)ofCGSTAct
Tax will be paid by ECO
ECO is not an Agent
Consideration collected by ECO
At the rate of Half %1
of the net value of
taxable supplies2
made through it by
other suppliers.
1. Notification No. 52/2018 – Central Tax, 20th
September, 2018
2. Net value of taxable supplies (Explanation to
Section 52(1)
Aggregate value of taxable supplies of goods or
services or both, other than services notified ●
under sub-section (5) of section 9, made
during any month by all registered persons
through the operator.
Less: -
aggregate value of taxable supplies ●
returned to the suppliers during the said month
TCS u/s 52 of GST laws- w.e.f. 1st
day of October, 2018
Under Section 24(x) of
CGST Act, ECOs are
required to get registered
compulsorily
Under Section 24(ix), Persons who supply, other than supplies specified u/s 9(5),
through such ECO who is required to TCS u/s 52, required to get registered
compulsorily. [Persons having aggregate turnover-all India basis- not exceeding
Rs.20 lac (10 Lac in case of “special category States”, in a financial year,
exempted from registration under the said Act- Notification 65/2017-CT dated
15.11.17
