CBIC notifies the Rate of Tax Collection at Source for Inter-State taxable supplies

Sep 21, 2018 | by Avantis RegTech Legal Research Team


The Central Board of Indirect Taxes and Customs (CBIC) vide Notification dated September 20, 2018 has notified the rate of Tax Collected at Source (TCS) by electronic commerce operator for inter-State supplies under Section 20 of the Integrated Goods and Services Tax Act, 2017, read Section 52(1) of the Central Goods and Services Tax Act, 2017.

The Notification states that every electronic commerce operator, not being an agent, shall collect an amount calculated at a rate of one per cent. of the net value of inter-State taxable supplies made through it by other suppliers where consideration with respect to such supplies is to be collected by the said operator.

[Notification No. 02/2018 – Integrated Tax]

 

URL: http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-2-2018-igst-english.pdf;jsessionid=0FFA9A3590E670B6080A1645FF152E5B


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