CAF-2 · Chapter 19 · Question 10 of 15
Under the rules for digital transactions, what specific reporting requirement is imposed on every online marketplace?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) B) They must furnish a monthly statement indicating the supplier-wise amount paid and tax due for digitally ordered goods.
Explanation
Every online marketplace must furnish a true, complete, and correct monthly statement not later than the due date, indicating the supplier-wise amount paid, tax due, and other information regarding taxable supplies of digitally ordered goods.
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