E-commerce companies have to register in every state: CBIC

E-commerce operators will have to register themselves in every state where their suppliers are located for collection of TCS and foreign companies can appoint an 'agent' on their behalf for securing such registration, the CBIC has said.
E-commerce companies have to register in every state: CBIC
Representational Pic

E-commerce operators will have to register themselves in every state where their suppliers are located for collection of TCS and foreign companies can appoint an 'agent' on their behalf for securing such registration, the CBIC has said.

E-commerce companies will from October 1 have to deduct 1 percent tax collected at source (TCS) before making payments to their suppliers.

The Central Board of Indirect Taxes and Customs (CBIC) has come out with a list of 29 FAQs answering industry queries on the modalities to be followed by the e-commerce operators for deducting TCS.

It said that e-commerce operators have to obtain separate registration for TCS irrespective of whether they are already registered under GST as a supplier or otherwise and have GSTIN. The amount 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.

The CBIC said e-commerce companies, whether domestic or foreign, would have to register themselves in each state/UT as the obligation for collecting TCS would be there for every intra-state or inter-state supply. 

Related Stories

No stories found.