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GST E-commerce TCS Registration
All about
The Central Board of
Indirect Taxes and Customs (CBIC) announced and notified that E-commerce operators whether
domestic or foreign are required to register themselves in every state
irrespective of whether they have already obtained GST E-commerce registration. With the
introduction of this notification every E-commerce operators will have to
register themselves in every state where their suppliers/service providers are located for
collection of TCS.
The CBIC for
facilitating the obtaining of registration said that E-Commerce operator may
declare the head office as its place of business for obtaining registration in
that State/UT where it does not have physical presence. Similarly if the
foreign e-commerce operator does not have physical presence in a particular
State / UT, he may appoint an agent on his behalf.
E-commerce
companies will have to deduct 1 per cent Tax Collected at Source (TCS) before
making payments to their suppliers irrespective of whether it is domestic or
foreign company. The amount so collected by the operator is to be paid to the
government within 10 days after the end of the month in which the said amount
was collected.
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