E-Commerce Operators Liable To Collect TCS For Providing Platform For Selling Digital Gold: AAR
Live LawThe Karnataka Authority of Advance Ruling has ruled that e-commerce operators are liable to collect TCS for providing a platform for selling digital gold.The bench of Dr. M.P. The Karnataka Authority of Advance Ruling has ruled that e-commerce operators are liable to collect TCS for providing a platform for selling digital gold. The applicant entered into a distribution agreement with Digital Gold India Private Limited for the sale of DGIPL's gold on its platform. The applicant sought the advance ruling on the issue of whether the applicant, who only collects a commission as a percentage of the value of digital gold sold through its platform and the entire sale proceeds are paid directly to the seller of digital gold through an Escrow account, would qualify him as an “agent” for the purpose of GST law and is therefore not covered by the applicability of Notification No.
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