Govt to Implement TDS, TCS provisions under GST from April 2018
In a significant move, the Central Government will implement the provisions relating to Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) under the new Goods and Services (GST) Laws from 1st April 2018. The registration for these provisions has already started in the GSTN portal. The Government had decided to defer the implementation of provisions relating to TDS and...
In a significant move, the Central Government will implement the provisions relating to Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) under the new Goods and Services (GST) Laws from 1st April 2018.
The registration for these provisions has already started in the GSTN portal.
The Government had decided to defer the implementation of provisions relating to TDS and TCS considering the difficulties of the traders. Representations were made by e-commerce firms that it would be an additional compliance burden and would lock-down working capital for merchants selling online.
