Meesho receives Rs 14.29 crore GST notice for non-collection of TCSValue commerce platform Meesho is contesting a Rs 14.29 crore tax demand. The Goods and Services Tax Appellate Tribunal issued the demand f...
GST Council to clarify on TCS liability of e-commerce suppliers on ONDCThe Goods and Services Tax (GST) Council is set to clarify the Tax Collected at Source (TCS) liability of e-commerce suppliers on 11 July. ...
Council to review food aggregator's GST woesThe aggregators are unable to show tax collected at source (TCS) from restaurants using their platform.
High value cars, jewellery to become cheaper as TCS to be excluded in computing GSTThe CBIC in a circular said that the TCS amount would be excluded from the value of goods while computing the Goods and Services Tax (GST) ...
Relief for auto sector: No GST on tax collected at source, government clarifiesThe directive was issued in the form of a corrigendum to the circular issued on December 31, following representations from the industry.
Cars costing over Rs 10 lakh to carry extra taxThis implies that consumers will have to cough up GST on the value of tax collected by an auto dealer.
GST policy on e-commerce may make life difficult for cab startups: ExpertsSections of GST experts believe the GST policy requiring aggregators to pay GST on fares collected by cab drivers will hurt startups
Tax Collected at Source for e-commerce is an unfair liability: IAMAIThe industry lobby body has said that Tax Collected at Source (TCS) mandates all sellers to register under GST even if they are under the i...
E commerce companies set to collect tax from sellersThe tax deducted at source (TDS) and tax collected at source (TCS) provisions under the goods and services tax (GST) have been notified to ...
TDS/TCS provisions under GST to come into effect from October 1E-commerce companies will now be required to collect up to 1 per cent TCS while making any payment to suppliers under the Goods and Service...
GST provisions on TDS/TCS, reverse charge mechanism deferred by 3 monthsThe GST Council had suspended the provision for deduction of TDS and collection of TCS, as well as implementation of reverse charge mechani...
E-commerce companies may need to prepare for withholding tax in two monthsThe tax deducted at source (TDS) and tax collected at source (TCS) provisions had been put on hold following petitions by industry that thi...
Ecommerce companies need not collect tax at source till AprilIn June, the finance ministry had already deferred the TCS once when the government announced switching to the new GST regime.
Govt's move to defer TCS under GST will help sellers: AmazonFlipkart, Amazon and Snapdeal were to deduct 1 per cent TCS (tax collected at source) while making payments to suppliers under the GST that...
E-commerce firms to pay up to 1% TCS under GSTThe model Goods and Services Tax (GST) law, finalised by the GST Council, provides for 1 per cent TCS to be deducted by the e-commerce oper...
GST: Ecommerce firms push for change in TCS clauseOnline marketplace Amazon India recently reached out to sellers on its marketplace with a survey intended to map the perceived impact of TC...
Relief for e-commerce companies, GST Council caps tax collected at source at 1%Industry had demanded that TCS be scrapped as it could lead to a steep rise in transaction costs and also discourage ecommerce, but states ...