Tax-trade dept directs all e-traders to furnish details of transactions on govt site
NEW DELHI: The Delhi government has ordered all traders who sell goods through online portals to immediately furnish information related to their transactions and made it mandatory for them to submit tax.
“The department of trade and tax has made it mandatory for all e-commerce companies providing e-platform facilities to file information online with regard to the transactions made by such traders through their portals. In the financial year 2014-15, it had come to the notice that some dealers engaged in the selling of goods through online portals were not depositing the tax that they owe to the department, even after collecting from consumers,” said a Delhi government spokesperson.
A Delhi government official said that as e-commerce was an emerging and fast growing sector, the department felt it was imperative to regulate these dealers to bring them under the ambit of VAT.
“The department recently convened a meeting with representatives of e-commerce web-portals on August 27 and has removed all apprehensions in this regard. In line with the laid-down procedures, e-commerce companies have to log on to website of the department to enroll themselves by furnishing some basic information online. On successful furnishing of data, a unique ID will be generated, which will be utilised for online submission of forms. Thereafter, they have to file quarterly returns,” the spokesperson added.
The last date for filing tax details for the first quarter of 2015-16 is September 30. “The dealers have to submit their particulars such as TIN, PAN to the e-commerce web-portals concerned. They have to submit details of their sale/purchase in annexure or else otherwise penalty will be imposed. Noncompliance of the notification will be treated as violation of the various provisions, especially under section 59(2) that attracts penalty of ` 50,000. The details of the notification and the rules are available on the department’s website,” the spokesperson added.
Hindustan Times, New Delhi, 05 September 2015
NEW DELHI: The Delhi government has ordered all traders who sell goods through online portals to immediately furnish information related to their transactions and made it mandatory for them to submit tax.
“The department of trade and tax has made it mandatory for all e-commerce companies providing e-platform facilities to file information online with regard to the transactions made by such traders through their portals. In the financial year 2014-15, it had come to the notice that some dealers engaged in the selling of goods through online portals were not depositing the tax that they owe to the department, even after collecting from consumers,” said a Delhi government spokesperson.
A Delhi government official said that as e-commerce was an emerging and fast growing sector, the department felt it was imperative to regulate these dealers to bring them under the ambit of VAT.
“The department recently convened a meeting with representatives of e-commerce web-portals on August 27 and has removed all apprehensions in this regard. In line with the laid-down procedures, e-commerce companies have to log on to website of the department to enroll themselves by furnishing some basic information online. On successful furnishing of data, a unique ID will be generated, which will be utilised for online submission of forms. Thereafter, they have to file quarterly returns,” the spokesperson added.
The last date for filing tax details for the first quarter of 2015-16 is September 30. “The dealers have to submit their particulars such as TIN, PAN to the e-commerce web-portals concerned. They have to submit details of their sale/purchase in annexure or else otherwise penalty will be imposed. Noncompliance of the notification will be treated as violation of the various provisions, especially under section 59(2) that attracts penalty of ` 50,000. The details of the notification and the rules are available on the department’s website,” the spokesperson added.
Hindustan Times, New Delhi, 05 September 2015
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