E-Commerce- Buying and selling goods or services through electronic medium without paper document (sec2(44) of CGST Act 2017).
E Commerce Operator
Any person who is operates electronic facility for electronic commerce. A person supplying goods or service on his account would not be considered as E-commerce.
Registration-They are liable to register under GST without the threshold limit.
TCS-ECO is required to collect 1% (0.5% each to CGST and SGST) tax from supplier. TCS is applicable to E-commerce operator only, not when owner sells his product/service through electronic plat from.
Remittance of TCS-Within 10th day of subsequent month.
ITC- TCS collected by E-Commerce operator will reflect in GSTR2 of supplier based on GSTR 8 filed by operator.
E Commerce operator has to file monthly return GSTR 8 and annual return GSTR9B.