The Central Board of Direct Taxes (CBDT) on Thursday issued pointers deduction of 1 per cent earnings tax of the gross quantity of sale of products or providers by e-commerce firms in a multiple-operator mannequin framework.
At present, Part 194-O of the Revenue Tax Act, 1961 supplies that an e-commerce operator shall deduct earnings tax on the fee of 1 per cent of the gross quantity of sale of products or provision of service, or each, facilitated via its digital or digital facility or platform.
“Round pointers have been issued for the removing of difficulties and readability has been offered on numerous points on the applicability of the Act in a a number of e-commerce operator mannequin framework, such because the Open Community for Digital Commerce (ONDC),” CBDT stated in an announcement.
The CBDT round particulars numerous sorts of conditions with examples and supplies readability on a number of points. Having obtained representations from numerous quarters, the round has additionally offered continuously requested questions on numerous points.
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