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In detailed pointers, the CBDT stated TCS shall be collected on the gross quantity charged to the shopper.
In case the customer receives a reduction, the TCS shall be on the ultimate bill raised to the customer regardless of whether or not the primary e-commerce operator is providing the low cost or the second.
The CBDT additionally stated in case of buy of products which aren’t underneath the purview of Items and Providers Tax, the TDS shall be relevant on the quantity with out together with state levies, VAT or different tax.
Part 194-O of the Revenue-tax Act, 1961 supplies that an e-commerce operator deduct tax on the charge of 1% of the gross quantity of sale of products or provision of service, or each, facilitated via its platform.
Nevertheless within the case of ONDC, the place a number of e-commerce operators have been concerned, there was no readability on who will accumulate tax.
