In case, multiple ECOs are involved in a single transaction through: |
In case, multiple ECOs are involved in a single transaction through: |
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In such case, supplier side-ECO will be liable for compliances of section 52, collection of TCS must be done by supplier side-ECO who will finally release the payment to supplier after collecting the same. |
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in such case, buyer side-ECO will be liable for compliances of section 52, the collected payment shall be remit by the buyer side-ECO to supplier only after deducting his fees and collecting TCS under section 52 |
Hey, it's Vanshika Gupta, a CA Finalist, who has graduated from Dr. Bhim Rao Ambedkar College, University of Delhi(DU). Working as an Associate II at Nucleus Advisors, I am passionate about indirect taxation and have experience in it. You can reach me at Vanshika.gupta@nucleusadvisors.in or +918445054009.