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CA Intermediate · Taxation · Tax Deduction at Source and Collection of Tax at Source

Under section 52 of the CGST Act, 2017, an e-commerce operator who collects tax at source must furnish a statement of the details of outward supplies and TCS collected. Which of the following is correct?

The e-commerce operator files the TCS statement in Form GSTR-8 by the 10th of the month following the month in which tax was collected. GSTR-7 is used for tax deducted at source by notified deductors.

  1. AStatement in GSTR-8 by the 10th of the month following the month of collectionCorrect
  2. BStatement in GSTR-7 by the 10th of the month following the month of collection
  3. CStatement in GSTR-8 by the 20th of the month following the month of collection
  4. DStatement in GSTR-8 annually by 31 December of the next financial year

Explanation

The operator files a monthly statement in Form GSTR-8 by the 10th of the following month. GSTR-7 is for tax deductors under section 51. The 20th is the date for GSTR-3B, and the annual date refers to the annual return, not the TCS statement.

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