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New Delhi, 10 July (Hindustan Times). The 50th meeting of the Goods and Services Tax (GST) Council will be held on Tuesday, July 11 at Vigyan Bhawan in | BLiTZ
Get latest articles and stories on India at LatestLY. The GST Council on July 11 is expected to clarify on the TCS liability of suppliers engaged in e-commerce trading through Open Network Digital Commerce in cases where multiple operators are involved in a transaction. India News | GST Council to Clarify on TCS Liability of E-commerce Suppliers on ONDC.
The Goods and Services Tax (GST) Council is set to clarify the Tax Collected at Source (TCS) liability of e-commerce suppliers on 11 July. The announcement comes as part of a discussion about the Open Network for Digital Commerce (ONDC), which operates in two models: the inventory model and the marketplace model. Under the latter, a buyer places an order with an e-commerce platform that sources the goods/services from another e-commerce entity; however, the confusion over TCS duty arises due to multiple entities being involved. The GST Council is expected to clarify whether the TCS should be d...
The Goods and Services Tax (GST) Council is set to clarify the Tax Collected at Source (TCS) liability of e-commerce suppliers on 11 July. The announcement comes as part of a discussion about the Open Network for Digital Commerce (ONDC), which operates in two models: the inventory model and the marketplace model.
The Council said that the explanation will be given on 11 July and would include cases where multiple operators are involved in a transaction, , gst, tcs, liability, Ecommerce Suppliers, ONDC