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 ...

<div>Five IT companies, including Microsoft, TCSB and Infosys, have bid for building the Goods And Services Tax Network (GST Network) across the country for smooth ...

Explains how Section 194Q requires buyers with large turnover to deduct TDS on purchases above ₹50 lakh. Key takeaway: The buyer becomes responsible for compliance, ensuring major transactions are ...

TCS is the tax collected by the seller from the buyer It isn’t an additional tax You can claim it back while filing ITR Do you know that from October 1, the Government of India (GOI) will levy 20 per ...

Foodtech companies such as Zomato, Swiggy and UberEats are reportedly facing issues in complying with the goods and services tax. The food aggregators are not being able to show tax collected at ...

E-commerce operators like Flipkart and Snapdeal will have to deduct TCS (tax collected at source) while making payments to their suppliers, according to the new model GST law, which has done away with ...

Deloitte urges the Budget to refine the new Income Tax Act by simplifying TDS/TCS, clarifying digital tax rules and boosting ...