Questions on Tax Collection at source

Question

Stock Market Box · Accepted Answer

Sr. No.
			 FAQs
			Answers
		
		
			1.
			What does electronic commerce means ?
			According to Section 2(44), the CGST Act 2017, electronic commerce is the supply of goods and services, or both, over digital or electronic networks.
		
		
			2.
			What does e-commerce operator means ?
			According to Section 2(45), the CGST Act 2017, an electronic Commerce operator is any person who manages or owns a digital or electronic platform or facility for electronic commerce.
		
		
			3.
			What does Tax Collection at source means ?
			Section 52 of 2017 CGST Act states that an ecommerce operator must collect an amount not exceeding one percent. This is based on the Government's recommendations to the Council. It is the net value of taxable supply made through it. The consideration in respect of such supplies will be collected by such operator. The tax collected at source is known as Tax Collection At Source (TCS).
		
		
			4.
			What does the government notify for the rate of  Tax collection at source(TCS) ?
			TCS rate is 0.5% for each Act (i.e. TCS rate is 0.5% under each Act (i.e. Notifications No. Notifications No. 52/2018 &ndash; Central Tax and 02/2018 &ndash; Integrated Tax, both dated 20 September 2018, are Page 2 of 11 issued in these regard. Similar notifications were also issued by the respective state governments.

GST

Questions on Tax Collection at source

How a transporter get to know that the e-way bill is given to him ?

How to tackle the trans-shipment places movement of goods?

How can a transporter manage multiple e-way bills that pass through trans-shipment in different vehicles to reach their destinations from one to other ?

Can we cancel delete an e-way bill ?

In what circumstances an e-way bill can be cancelled ?

If the bill is cancelled during transit (i.e. Either during the transportation of the item or its storage in a warehouse provided by the transporter ?

Who is authorized to cancel an e-way bill and why ?

How taxpayer will know If an e-way bill will be generated on taxpayer GSTIN by other person ?

What does a Consolidated e-way bill means ?

Who can issue consolidated e-way bill ?

What is the consolidated validity period ?

If the vehicle number will be changed for consolidated e-way bill ,what to do then ?

Can the CEWB have the goods/e-way bills that are to be delivered prior to reaching the destination specified for CEWB in the "consolidated eway bill" (CEWB).

What are the options for generating e-way bills which the taxpayer has?

To generate the e-way bill, how can the taxpayer use SMS facility?

To generate the e-way billl how can taxpayer use the Android app?

What does Bulk generation facility mean ? Who can use that?

How the mobile app is downloaded?

How can we use the facility of Bulk Generation?

On e-way bill portal, the Bulk generation facility can be used for what kind of activities?

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Sr. No.	FAQs	Answers
1.	What does electronic commerce means ?	According to Section 2(44), the CGST Act 2017, electronic commerce is the supply of goods and services, or both, over digital or electronic networks.
2.	What does e-commerce operator means ?	According to Section 2(45), the CGST Act 2017, an electronic Commerce operator is any person who manages or owns a digital or electronic platform or facility for electronic commerce.
3.	What does Tax Collection at source means ?	Section 52 of 2017 CGST Act states that an ecommerce operator must collect an amount not exceeding one percent. This is based on the Government's recommendations to the Council. It is the net value of taxable supply made through it. The consideration in respect of such supplies will be collected by such operator. The tax collected at source is known as Tax Collection At Source (TCS).
4.	What does the government notify for the rate of Tax collection at source(TCS) ?	TCS rate is 0.5% for each Act (i.e. TCS rate is 0.5% under each Act (i.e. Notifications No. Notifications No. 52/2018 – Central Tax and 02/2018 – Integrated Tax, both dated 20 September 2018, are Page 2 of 11 issued in these regard. Similar notifications were also issued by the respective state governments.