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 ...
According to the GST law, every ecommerce operator is required to collect TCS at 1% of the taxable value of goods or services sold through its platform The confusion on the liability of the TCS ...
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 ...
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 ...
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 ...
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