inc42

Finance Ministry Delays TDS, TCS Under GST For Ecommerce Players

The Ministry of Finance has delayed the provisions related to TDS (Tax deducted at source) and TCS (Tax collected at source) for ecommerce players. The move is made in a bid to ensure the smooth ...
Tax Guru

Whether Late Fee or Penalty Can Be Demanded for Non-Filing of GSTR-8 When TCS Registration Cancellation is Pending with the Department

When no TCS is collected and NIL filing is not mandatory, late fee under GST cannot be levied. Departmental delay in cancellation does not create fresh ...
inc42

New GST Provision Requires Ecommerce Cos To Collect Tax At Source From Suppliers

The central government has finally rolled out the onerous tax collected at source (TCS) provisions on Thursday (September 14) which was kept in suspension since the introduction of GST in July 2017.
Indiatimes

Budget 2026: Need for an overhaul of the TDS framework

The requirement to issue TDS and TCS certificates is increasingly seen as redundant. (AI image) India’s tax deduction at source (TDS) framework, originally designed as a mechanism to ensure steady ...
Businessworld

Flipkart, Amazon, Snapdeal Flag Worries Over TCS Clause In GST

Online retailers Flipkart, Snapdeal and Amazon on Thursday (February 09) came together to raise concerns about the tax collection at source (TCS) clause under draft model GST law, saying it could ...