Notification No. 52/2018
Date: September 20, 2018
Subject: Prescribing rate of Tax Collected at Source (TCS) by electronic commerce operators
Description:
Issued under section 52(1) of the CGST Act, this notification mandates that every electronic commerce operator (ECO), not being an agent, shall collect TCS at the rate of 0.5% of the net value of intra-State taxable supplies made through it where consideration is collected by the operator. The provision operationalises TCS under GST and strengthens tax compliance in e-commerce transactions.
Amendment:
Yes it has been amended through notification 15/2024,