Fides-Blog
Yes, we're just starting to scribble down. We'll be focusing on our Know-How series to help you to achieve basic things on your own. And, we will be sharing our views about the eCommerce Industry in India and worldwide to help you understand the changes in one of the fastest-growing industries in India & Overseas.
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As many of you are aware, many E-Commerce sellers are receiving notices/defective returns stating that the Total Aggregate/NET turnover reported in the Income Tax Return is much lower than the Turnover reported by the Marketplaces when they deduct TDS under section 194O. TDS u/s 194-O was introduced in Oct 2020. Since it was only applicable
E-Commerce in India had grown and matured considerably over the last 5-6 years. Customer’s expectations in terms of delivery speed had reduced considerably in the due course. The customers are expecting product deliveries on the same day or within 1-3 days after placing orders. For example, Same/Next Day delivery offering by Amazon under Amazon Prime
I have seen many queries related to TDS & TCS in multiple eCommerce seller forums and I’m sure this still confusing for many of us. So, let me try to explain the knowledge that I’ve gained over the last few years by interacting with other sellers in multiple forums, interacting with professionals, and researching online.
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Recent from Fides-Blog
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