Who is liable to collect TCS (collection of tax at source) under section 52 of the CGST Act, 2017? Briefly explain the provisions relating to…

10. Every Electronic Commerce Operator (ECO), not being an agent, is liable to collect tax at source (TCS). Such ECO is required to submit a registration application in prescribed form through the common portal. The proper officer shall, after due verification, grant registration within 3 working days from the date of the application. On a request or upon an enquiry or pursuant to any other proceeding under GST law, if the proper officer is satisfied that a person is no longer liable to collect the tax at source, he may cancel his registration. Such ECO shall furnish a monthly statement in prescribed form containing the details of the outward supplies of goods and/ or services effected through it, including supplies returned through it and the amount collected by it as TCS during the month within 10 days after the end of each month in which tax has been collected at source. They also required to file annual statement¹ on or before 31st December following the end of the financial year. The TCS amount collected by the ECO has to be deposited by 10th of the month succeeding the month in which TCS has been collected.