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Taxation Central Ministry of Finance Central Goods and Services Tax Act, 2017

Reduction in rate of TCS to be collected by the electronic commerce operator for taxable supplies

10-Jul-2024 | 15/2024- Central Tax

Central Board of Indirect Taxes and Customs (CBIC) has issued a Notification to make amendments to notification no. 52/2018 Central Tax dated 20.09.2018 which notifies the rate of tax collection at source (TCS) to be collected by every electronic commerce operator for intra-state taxable supplies, effective from 10th July 2024.

By virtue of the amendment, every electronic commerce operator, not being an agent, shall collect an amount calculated at a rate of 0.25 percent instead of the earlier rate of half percent of the net value of intra-Union Territory (without legislature) taxable supplies made through it by other suppliers where the consideration for such supplies is to be collected by the said operator.

For detailed information, please refer to the attached notification.

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