Deduction of GST by E-Commerce Operator
This query is : Resolved
16 April 2022
I am seller selling my products on ecommerce sites like flipkart, amazond, meesho recently.
I understand that TCS of 1 percent will be deducted from payment, buy the ecommerce site is also deducting the GST on the basic amount of the product from me. In that case am i Liable to pay the gst and what sort of entry would i show in my tally as the gst for the product has not been collected by me.
I understand that TCS of 1 percent will be deducted from payment, buy the ecommerce site is also deducting the GST on the basic amount of the product from me. In that case am i Liable to pay the gst and what sort of entry would i show in my tally as the gst for the product has not been collected by me.
16 April 2022
You are liable to collect GST and pay to the government after adjusting TCS of 1%.
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