Section 52 of CGST Act, 2017 : Section 52: Collection Of Tax At Stores

Explanation using Example

Imagine that there is an online marketplace called "QuickBuy," which is an electronic commerce operator. QuickBuy provides a platform where various registered sellers can offer their products to customers. As per Section 52 of The Central Goods and Services Tax Act, 2017, QuickBuy is responsible for collecting tax on the net value of taxable supplies made through its platform by these sellers.

For example, if in the month of April, sellers on QuickBuy make sales totaling ₹1,00,000 and the GST rate notified by the government is 1%, QuickBuy must collect ₹1,000 as GST. This collection must be paid to the government by QuickBuy within ten days after the end of April. Additionally, QuickBuy must electronically submit a d...

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