GST rollout: TDS, TCS provisions deferred for govt, e-commerce companies
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Highlight
- Report Inappropriate Content
on 27-06-2017 11:23 AM
GST rollout: TDS, TCS provisions deferred for govt, e-commerce companies Businesses, with turnover less than Rs 20 lakh, will not need to register under GST finance ministry said in a statement.
E-commerce companies will not be required to collect one per cent TCS while making payment to suppliers under the GST regime, to be rolled out from July 1.
According to the Central GST (CGST) Act, notified entities are required to collect TDS (Tax Deducted at Source) at one per cent on payments to suppliers to goods or services in excess of Rs 2.5 lakh. This provision has been kept in abeyance.
Based on the feedback received from trade and industry, the government has decided to postpone provision relating to TDS (Section 51) and TCS (Section 52) of the CGST/State GST Act 2017, with the objective of ensuring smooth rollout of GST, the finance ministry said in a statement.
Small businesses -- those with turnover less than Rs 20 lakh -- will also not be required to register themselves under the GST for selling goods or services through e-commerce portal.
Re: GST rollout: TDS, TCS provisions deferred for govt, e-commerce companies
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Highlight
- Report Inappropriate Content
on 27-06-2017 11:57 AM
Re: GST rollout: TDS, TCS provisions deferred for govt, e-commerce companies
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Highlight
- Report Inappropriate Content
on 27-06-2017 12:19 PM
Re: GST rollout: TDS, TCS provisions deferred for govt, e-commerce companies
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Highlight
- Report Inappropriate Content
on 27-06-2017 05:20 PM
Your present selling remitence is not under GST, so they can not stop your payment
if you not sell items in future then they must remmitance your all balance payment.
My account also under hold and my remmitance also hold, yesterday i call and say i m not continue they tell me
if you not sell items then your remmitance will pay but How they will pay there no no update comes.. they tell me wait ...
lets see,
i wait few more days if not remmitance i will take legal setps.
Re: GST rollout: TDS, TCS provisions deferred for govt, e-commerce companies
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Highlight
- Report Inappropriate Content
on 28-06-2017 02:29 PM
In most likelihood you will have to register for GST since govt has only deferred the implementation of clause. Unless it is fully revoked, there is not much hope. If possible you can wait for some time as see if Amazon and other e-commerce sites manage to pursuade the govt to drop the clause.
Re: GST rollout: TDS, TCS provisions deferred for govt, e-commerce companies
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Highlight
- Report Inappropriate Content
on 29-06-2017 12:01 PM
I can see your listings. They are not removed.
Re: GST rollout: TDS, TCS provisions deferred for govt, e-commerce companies
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Highlight
- Report Inappropriate Content
on 05-08-2017 04:19 PM
With out GSt ebay not allowed to do listing my turnover is not more than 20 lakh then what to do they told me that for selling online even 5 product approx 10000 then also GST is mendatory
Re: GST rollout: TDS, TCS provisions deferred for govt, e-commerce companies
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Highlight
- Report Inappropriate Content
on 05-08-2017 04:21 PM
They will give after you pay all ebay fees and your all claims closed then they will proceed.
