[et_pb_fullwidth_image admin_label=”Fullwidth Image” src=”https://vincyte.com/wp-content/uploads/2023/05/E-Commerce-E-Commerce-Operator.png” alt=”E-Commerce & E-Commerce Operator” show_in_lightbox=”off” url_new_window=”off” use_overlay=”off” animation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]
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E-Commerce
[/et_pb_text][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_letter_spacing=”1px”]An Electronic Commerce to mean the supply or receipt of goods and/or services, or transmitting of funds or data, over an electronic network, primarily the internet, by using any of the applications that rely on the internet, like but not limited to e-mail, instant messaging, shopping carts, web services, universal description Discovery and integration(UDDI), File Transfer Protocol (FTP) and Electronic Data Interchange (EDI) whether or not the payment is conducted online and whether or not the ultimate delivery of the goods and/or services is done by the operator.
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E-Commerce Operator
[/et_pb_text][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” text_letter_spacing=”1px” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]E-Commerce operator is a person who, directly or indirectly, owns, operates or manages an electronic platform which is engaged in facilitating the supply of any goods and/or services.
Also a person providing any information or any other services incidental to or in connection with such supply of goods and services through electronic platform would be considered as an Operator. A person supplying goods/services on his own Account, however, would not be considered as an Operator.
For instance, Amazon and Flipkart are e-commerce Operators because they are facilitating actual suppliers to supply goods through their platform (popularly called Market place model or Fulfillment Model). However, Titan supplying watches and jewels through its own website would not be considered as an e-commerce operator for the purposes of this provision. Similarly Amazon and Flipkart will not be treated as e-commerce operators in relation to those supplies which they make on their own account (popularly called inventory Model).
[et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”center” text_font_size=”25″ text_text_color=”#662992″ use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_line_height=”2.1em”]
Aggregator
[/et_pb_text][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_font_size=”15″ text_letter_spacing=”1px”]Aggregator is a person, who owns and manages an electronic platform, and by means of the application and communication device, enables a potential customer to connect with the persons providing service of a particular kind under the brand name or trade name of the said aggregator.
For instance, Ola cabs would be an aggregator.
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Restrictions for E-Commerce
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[et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Threshold limit is not available to E- commerce operator / aggregator and they would be liable to be registered irrespective of the value of supply made by them.” header_font_size=”15″ header_letter_spacing=”0.5px”]
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[et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Threshold limit is not available to supplier of goods/services supplying through e-commerce operator and they would be liable to be registered irrespective of the value of supply made by them.” header_font_size=”15″ header_letter_spacing=”1px”]
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Legal compliances to be done by E-Commerce Operators
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[et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”The e-commerce operator is required to collect (i.e. deduct) an amount out of the consideration paid or payable to the actual supplier of goods or services in respect of supplies of goods and /or services made through such operator. The amount so deducted/collected is called as Tax Collection at Source (TCS).” header_font_size=”15″ header_letter_spacing=”1px”]
[/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”The amount collected by the operator is to be paid to the credit of appropriate government within 10 days after the end of the month in which amount was so collected.” header_font_size=”15″ header_letter_spacing=”1px”]
[/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”The operator is also required to file a Statement, electronically, containing details of all amounts collected by him for the outward supplies made through his Portal, within 10 days of the end of the calendar month to which such statement pertains. The said statement would contain the names of the actual supplier(s), details of respective supplies made by them and the amount collected on their behalf.” header_font_size=”15″ header_letter_spacing=”1px”]
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[et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”The e-commerce operator required to furnish information to the Government relating to:” header_font_size=”15″ header_letter_spacing=”1px” body_letter_spacing=”0.5px”]
- Supplies of goods / services effected through the operator during any period;
- Stock of goods held by actual supplier making supplies through such operator in the godowns or warehouses belonging to the operator and registered as additional place of business by the actual supplier.
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Calming of credit of TCS by supplier
[/et_pb_text][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_font_size=”15″ text_letter_spacing=”0.5px”]TCS which is deposited by the operator into government account will be reflected in the cash ledger of the actual registered supplier (on whose account such collection has been made) on the basis of the statement filed by the operator. The same can be used at the time of discharge of tax liability in respect of the supplies by the actual supplier.
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Concept of matching in E-Commerce
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[et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”The details of supplies and the amount collected during a calendar month, and furnished by every operator in his statement will be matched with the corresponding details of outward supplies furnished by the concerned supplier in his valid return filed for the same calendar month or any preceding calendar month. Where the details of outward supply, on which the tax has been collected, as declared by the operator in his statement do not match with the corresponding details declared by the supplier the discrepancy shall be communicated to both persons.” header_font_size=”15″ header_letter_spacing=”1px”]
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[et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”In case of mismatch, the value of a supply relating to any payment in respect of which any discrepancy is communicated and which is not rectified by the supplier in his valid return for the month in which discrepancy is communicated shall be added to the output liability of the said supplier, for the calendar month succeeding the calendar month in which the discrepancy is communicated. The concerned supplier shall, in whose output tax liability any amount has been added shall be liable to pay the tax payable in respect of such supply along with interest, at the rate specified on the amount so added from the date such tax was due till the date of its payment.” header_font_size=”15″ header_letter_spacing=”1px”]
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Get In Touch
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Vincyte
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New Business
[/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"]Public Company Registration Service
[/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"]Private Company Registration Process
[/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] One Person Company Registration [/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] [/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] [/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] Sole Proprietorship Firm [/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] Foreign Company Registration [/et_pb_text][et_pb_divider admin_label="Divider" color="#ffffff" show_divider="off" divider_style="solid" divider_position="top" hide_on_mobile="on" height="20"] [/et_pb_divider][et_pb_text admin_label="head" background_layout="light" text_orientation="left" text_font="Ubuntu|on|||" text_text_color="#662992" use_border_color="off" border_color="#ffffff" border_style="solid"] NGO [/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] Section 8 Company [/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] Society Registration Service [/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] Trust Registration Service [/et_pb_text]
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Retainership Services
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Accounts Outsourcing Service
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Payroll Outsourcing
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Vendor Reconciliation
[/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"]
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HR Services
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TDS Filing Service
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Other Services
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BPO/ KPO Services
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Website Designing & Development
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Registration Services
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Trademark Registration Service
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