9911796707
TMI BlogClarification on TCS liability under section 52 of the KGST Act, 2017 in case of multiple E-commerce Operators in one transaction.X X X X Extracts X X X X X X X X Extracts X X X X ..... Dated: 21-07-2023 COMMISSIONER OF COMMERCIAL TAXES CIRCULAR No. GST-07/2023 Subject : Clarification on TCS liability under section 52 of the KGST Act, 2017 in case of multiple E-commerce Operators in one transaction. Reference has been received seeking clarification regarding TCS liability under section 52 of the Karnataka Goods and Services Tax Act, 2017 (hereinafter referred to as "KGST Act" ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... duct their commission and pass on the consideration to the seller-side ECO. In this context. clarity has been sought as to which ECO should deduct TCS and make other compliances under section 52 of KGST Act in such situations, as in such models having multiple ECos in a single transaction, both the Buyer-side ECo and the Seller-side ECo qualify as ECos as per section 2(45) of the KGST Act. 3. In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er-side ECO himself is not the supplier of the said goods or services, the compliances under section 52 of the KGST Act, including collection of TCS, is to be done by the supplier-side ECO who finally releases the payment to the supplier for a particular supply made by the said supplier through him. e.g. : Buyer-side ECO collects payment from the buyer, deducts its fees/commissions and remits the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der section 52 including collection of TCS ? Buyer → Buyer-side ECO → Supplier-side ECO Clarification : In such a situation, TCS is to be collected by the Buyer-side ECO while making payment to the supplier for the particular supply being made through it. e.g. Buyer-side ECo collects payment from the buyer, deducts its fees and remits the balance to the supplier (who is itself an ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
