Thu, Jun 29, 2023
TCS: The government has announced to implement the new rule of TCS from October 1 under the Liberalized Remittance Scheme. Earlier it was being speculated that this rule would come into effect from July 1 but the government has decided to give time due to operational issues. According to this new rule, there will be no change in the rate of TCS on payment for all foreign travel tour packages.
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No TCS on credit card payment, no change in TCS rate under LRS, new rules from October 1 instead of July 1
Tue, Jun 27, 2017
FICCI says that the TCS provision under GST would have led to a slowdown in e-commerce, economic growth and job creation as it would have a direct impact on sellers on these platforms.
Thu, Feb 09, 2017
Tax collection at source main cause for concern for e-commerce retailers. E-commerce companies are vociferously for GST. Due to TCS, close to Rs 400 crores per annum of capital will be locked into the system.
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