MoF: Submission requesting for clarifications under S. 194-O of the Income Tax Act, 1961 relating to deduction of tax at source by e-commerce operator

S. 194-O of the Income Tax Act, 1961 (IT Act)  provides for levy of Tax Deduction at Source (TDS) on e-commerce transactions whereby an E-Commerce Operator (ECO) is required to deduct tax @ 1% on the value of goods sold or services provided by the seller through the e-commerce platform of the ECO.