As the TDS and TCS provisions are all set to be implemented from next month, the facility for the amendment of Registration for NRTP, OIDAR, TDS & TCS taxpayers is now available on GST Portal, GSTN tweeted today.
“Facility of Amendment of Registration of Non-Core fields in Form GST REG-14 has been provided on the GST Portal to following category of taxpayers/ persons: Non Resident Taxable Person (NRTP) Online Information and Database Access or Retrieval (OIDAR) Tax Deducted at Source (TDS) TCS taxpayers,” it said.
Last week, the Central Government has notified that the provisions of Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) under the GST regime will kick start from 1st October 2018.
With this, the e-commerce companies will have to deduct tax at the rate of 1% (CGST)+1% (SGST). The provision is being implemented at a time when the Government is struggling to achieve adequate revenue from the new tax regime.
