Amendment status not verified — confirm the current text below against the official source.
a) 67 Notwithstandmg anythingto the contrarycontainedin this Act, emery electronic cogamerce operator (hereafter in,this section;refeeied to as the“operator”), not being an agent:shallcelleet.Mount calculated at such < ratenot execedingunease: cent, as may beaetified on the recommen- myelitlie Council. of. the net value :Qfataxable suppliesspade through it byother suppliers ‘ where the consideration withrespectto such suppliesis to be collected by the operator Explanation~For thepurposesof this sub-section,the ; “netvalue of taxable supplies”. shall meanthe aggregatevalueof, taxable supplies of goods or services orboth,other thawhervices notified under sub-section (5) of section 9, made during anymonth, by all registered persons through the operator reduced by the aggregate value oftaxable supplies returned to thesupplierstiming the said month ' (2) Thepower to collect the amount specifiedin sub-section 71(1)shall be without prejudice toany other mode of X 7 ” recovery from the operator. ‘ (3) ,(4) — if?) The amount collected under sub-section (1) shall be paid to the Governmentbytheoperator within ten days after the end of the mqiithin which such collectionis made,“in suchmanner as may be prescribed Every operatorwho collects the amount specified in sub-section11) Shall furnish a statement, electronically, iicontaming filedetails of Outwardsupphes of goods for Services or;botheffected thrpugh it. including the V, supplies ofgoods or services orbOth returnedthrough it, and the amount collected under siib-Section(1) during a month, in such form and manner asmay be prescribed, Within ten days after theend ofsuch month 1 Every operator who collects the amount specified in sub-section (1) shall fiirilish an annual statement, electronically, con " , i the details of outward supplies of goods or serVices,or both effected through it, includingthe suphes (ifg or services or both ' returned thrbugh.if dtheamount colleCtéd under the i 1 saidsub-sectionduringthefinancialyear, in such form '6 and manner as may beprescribed, bef6r‘é the thirtyfirst day of Decemberfollowing the endofsuch financial year. Collection oftax at source. (6) 68 If any operator after furnishing a statement under sub-section (’4) ‘discemrs ahyomiséitmi‘br incorrect particulars therein, otherthan asaieéultfi‘af scrutiny, audit, insp’éefion or enforcement activity by the tax auth’oi‘ities, heshallre'ctifysuch omission or incorrect ’ particulars'inthemem‘tobefurni'shedfor the month 1 a duringwhieh suchomisfieimr incorrect peificulars are , - nonced, subjectto payment bf interest.s’s*specified in '2 sub-section (1) ofsectionSO' Provided that no such rectification of any (mission or incorrectparticulars shall he allowedaltertheduedatefojrflirtiilshihg of statementfor the means: of September following the end of the finandahyear or theaetuiildate offurnishing ofthe relevantannual statement, whicheveri§iétlrher = ‘ " "(7) The supplier who has supplied the'goods hr services orboththroughtheoperatorshahclaimcredihinhis electronic cash ledger, of the amount collected and reflectediiithestatementoftheoperatorfumishedunder sub-seetibn (4), in webmanner as maybe prescribed ' Will The details ofsupplies finishedbyeveryoperator under ’ ‘ sub-section(4) shall be matched withthe corresponding ’ ”details of outwardSupplies furnished bytheconcerned iihder this Actin such manner and within suchtime as maybe prescribed. Wherethe details bf-butwatd supplies furhished by the operatorhithersub-section (4)do notmatch with the correspondingdetails furnishedbythe supplier under section 37, the discrepancy shall be c0mmunicated to 3 bothpersohs in. such mannerand within Such time as (10) ' may beprescribed The amount:in respect of which any discrepancy is 7 «communicatedunder sub-section (9) and which'is not “ ' rectifiedbythesli pherinhisvalidreturn or the operator in his statement or themonthin which discrepancy'is ' commuted,shallbe added to theputput tax liability ' 3fthe said supplier,wherethevalue ofnutWard supplies furnished Hythe aperator is marethan the value of , outward supplies furnishehythesupplier,in his return (for the monthsucceeding the month in which the “ l ”discrepancyiscommunicatedainsuchmanila as may be prescribed. (11) (12) 69} line concerned supplier,’in whose output tax liability any amount has been added under sub-section (10), shall pay the tax payablein respect of such supply along with interest, at the rate specified under sub-section (1) of section 50 on theamount so added fromthe date such tax was due till the date‘of‘d its payment. Any authority not below the rank of Deputy Commissioner may serve a notice, either before or during the course of any proceedings under this Act, ' requiring the operator to furnish such details relating 'tO‘e— (a) supplies of goods or services or both effected through such operator during any period; or ' (b) stock of ' goods held by the suppliers making supplies through such operator in the godowns or warehouses, by Whatever name called, managed by such operators and declared asadditional places of businessby such suppliers, as maybe specifiedIn the notice. j Explanation:—For the purposes of this section, the expression. (13) (14) livery operator an whom a notice has been served under sub-section (12) shall furnish the required information within fifteen working days ofthe date ofservice ofsuch notice. Anyperson who fails to furnish the informationrequired by the notice served under sub-section (12) shall, Without prejudice to any action that may be taken under section 122, be liable to a penalty which may extend to twenty five thousand rupees ‘concerned supplier’ shall mean the supplier ofgoods or services or both making supplies through the operator.