<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">An e-commerce company is required to collect tax only on the net value of taxable supplies. In other words, the value of supplies which are returned are adjusted in the aggregate value of taxable supplies. (Refer to Explanation to Sec. 52(1) of the CGST Act, 2017.)</span></span></p>