GST

TCS is collected by an ecommerce operator at the net of returns under Section 52. Sometimes, sales return exceeds sales. Therefore, negative amounts can be reported?

It is not possible to declare a negative amount. The next tax period will not be affected. This means that if the returns exceed the supplies during any tax period, it will be ignored in the current and future tax periods.


State the benefits of E-way bill.


When can be the implementation of E-way bill be done?