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An e-commerce operator (ECO) liable to collect tax at source (TCS) under Sec 52:
ANeed not register if turnover below threshold
BRegisters under composition
CShould register only if turnover exceeds Rs 1 cr
DMUST register (Sec 24(x)), regardless of turnover
Answer & Solution
Correct answer: D. MUST register (Sec 24(x)), regardless of turnover
1. Sec 24(x) — every ECO who is required to collect tax at source under Sec 52 must register, irrespective of aggregate turnover.
2. TCS rate is 0.5% CGST + 0.5% SGST (or 1% IGST) on net value of taxable supplies through the ECO.
3. ECO files monthly statement in Form GSTR-8.
_Source: ICAI BoS CA Final Paper 8, Ch 7 "Registration", §Sec 24(x)_
Related questions
Section 25(4) — establishments of a registered person in different States or with separateSec 24 — persons compulsorily required to register (regardless of turnover) include:Aadhaar authentication for registration is governed by:Cancellation of registration by APPLICATION of the registered person (Sec 29(1)) — applicaThreshold for registration for a person supplying SERVICES (or mixed) in normal States:Special-category States for Sec 22 reduced thresholds are:GSTIN structure (15 characters): the first 2 digits represent:Aggregate turnover for threshold purposes per Sec 2(6) INCLUDES: