GST on E-Commerce Operator in Service Sector

E-commerce simply means buying and selling of goods or services or both by using electronic platform, primarily the internet which is advantageous to organizations, customers and society as a whole. Electronic commerce is defined under clause 44 of section 2 of Central GST Act, 2017 as under: “Electronic commerce means the supply of goods or services or both, including digital products over digital or electronic network”. E-commerce has bridged the gap between service provider and service recipient in a most cost and time effective manner. Earlier only two parties were involved in a transaction but in present scenario e-commerce operator plays a major role and has emerged as the third party in a transaction which is why it was imperative to bring the e-commerce operator within the ambit of GST.

from TaxGuru https://ift.tt/2PoPEYm
via gqrds

Comments

Popular posts from this blog

Compliance Manual for F.Y.2019-20 (A.Y. 2020-21)

GST ON TOUR OPERATORS AND AIR TRAVEL AGENTS