Why the Income Tax Return is marked Defective for E-Commerce Businesses? TDS u/s 194-O is the Villain?
Friday, 08 December 2023
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
- Published in TDS & E-Commerce
How does selling from multiple GSTIN help to improve your sales? Is it becoming a necessity?
Saturday, 04 September 2021
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
- Published in GST & E-Commerce, GST For E-Commerce, Marketplaces
TDS and TCS Compliance for E-Commerce – Are you confused?
Wednesday, 01 September 2021
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.
- Published in Know How, TDS & E-Commerce
All About E-Commerce & TCS Compliance under GST Regime
Wednesday, 14 November 2018
As we all know, TCS (Tax Collected at Source) under Section-52 of CGST Act, 2017 came into force starting from 01 Oct 2018. I know, it is confusing for many of us & even for our Tax Consultants. When we speak about TCS (Tax Collected at Source), TDS (Tax Deducted at Source) etc, people often
- Published in GST & E-Commerce, TCS & GST