Valuation of Supply under GST law
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Value of Supply (VoS)
· · Rules to assess VoS in case of section 15(4) CGST Act, 2017: -
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Rules to access VoS under specific category of supply: -
Taxability of E-commerce Transactions: Comparison of TDS vis-à-vis Equalisation levy -
Overview and comparison of 194O, 165-165A: - There has been prescribed different layers of criteria for determination of taxability with reference to E-commerce related or say digital transactions. We shall have an in-depth discussion of all such provisions and obtain understanding of fact that when which provision be attracted: Section 194O (Income Tax Act,1961): TDS on certain payment by E-commerce operator to E-commerce Participant – While any person supplying goods/services/both is enrolled on any e-commerce platform for supply therewith, then e-commerce operator be liable to deduct TDS @ 1%, on gross amount payable by him to such person enrolled as e-commerce participant, in reference to sales conducted via its platform and then only shall he release the net amount of sale proceeds collected from customer, in favor of participant. Such TDS be deducted either at time of credit of such amount to e-commerce participant’s account or at time of actual paymen...
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