6c:T4ed,{"@context":"https://schema.org","headline":"Revision of TDS Rates on e-commerce sellers under Section 194O of Income Tax Act","description":"Dear Seller, ...","datePublished":"2024-07-12T11:34:22.783000Z","dateCreated":"2024-07-12T11:34:22.783000Z","dateModified":"2024-07-12T11:34:22.783000Z","author":{"@type":"Person","name":"community_export","url":"https://export-community.ebay.com/u/mjy7yj/"},"publisher":{"@type":"Organization","name":"eBay Exports eBay Announcements"},"mainEntityOfPage":{"@type":"WebPage","@id":"https://export-community.ebay.com/forum/ebay-announcements-27/topic/revision-of-tds-rates-on-e-commerce-sellers-under-section-194o-of-income-tax-act-168/"},"@type":"BlogPosting","wordCount":157,"timeRequired":"PT1M","articleSection":"eBay Announcements","image":["https://res.cloudinary.com/startup-grind/image/upload/c_fill,dpr_2,f_auto,g_center,q_auto:good/v1/gcs/platform-data-ebayexports/topics_banners/bS0xNjI3NDktMTA5NmlGQjM5MzU1MEQwNDJDNDFD"]}6e:T5fc,

Dear Seller,

Please refer to our AB Post dated 19^th April 2022 which stated that e-commerce entities facilitating sale of goods of e-commerce sellers must deduct tax at source (“TDS”) on the gross amount of their sales paid or credit to such e-commerce sellers. TDS is deducted for all Indian resident sellers where the gross sales of the goods or services during the financial year is more than INR 500,000.

Effective 1 April 2021, the TDS rate was 1% on the gross sales of goods or services. Where the e-commerce seller had not provided a permanent account number (“PAN”) or where the PAN was not operational or valid, the TDS rate was 20%.

Please note, effective 2 February 2023, the TDS rate has been decreased from 20% to 5% where the e-commerce seller has not provided a PAN or where the PAN is not operational or valid or wrongly updated.

Regards

Team eBay