Comments
The Central Board of Direct Taxes (CBDT) on Thursday issued guidelines deduction of 1 per cent income tax of the gross amount of sale of goods or services by e-commerce companies in a multiple-operator model framework.
Currently, Section 194-O of the Income Tax Act, 1961 provides that an e-commerce operator shall deduct income tax at the rate of 1 per cent of the gross amount of sale of goods or provision of service, or both, facilitated through its digital or electronic facility or platform.
“Circular guidelines have been issued for the removal of difficulties and clarity has been provided on various issues on the applicability of the Act in a multiple e-commerce operator model framework, such as the Open Network for Digital Commerce (ONDC),” CBDT said in a statement.
The CBDT circular details various types of situations with examples and provides clarity on multiple issues. Having received representations from various quarters, the circular has also provided frequently asked questions on various issues.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.