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GST Clarifications

TCS is applicable in e-commerce marketplaces only when operators collect payments from customers on behalf of sellers. If customers pay sellers directly, the e-commerce operator does not need to collect TCS. Additionally, the commission charged by e-commerce operators from sellers is classified under HSN code 9985 with a GST rate of 18%.

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21 views2 pages

GST Clarifications

TCS is applicable in e-commerce marketplaces only when operators collect payments from customers on behalf of sellers. If customers pay sellers directly, the e-commerce operator does not need to collect TCS. Additionally, the commission charged by e-commerce operators from sellers is classified under HSN code 9985 with a GST rate of 18%.

Uploaded by

vickyrocker
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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If the customer pays directly to the seller in e-commerce market place then the ECO

needs to collect TCS or not

TCS applies only if the operators collect the consideration from the customers on
behalf of vendors or suppliers. In other words, when the e-commerce operators pay the
consideration collected to the vendors they have to deduct an amount as TCS and pay the net
amount
HSN Code and applicable GST Rate

The commission charged by e-commerce operators from the sellers falls


under the HSN code of 9985, having a GST Rate of 18%.

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