The Goods and Services Tax (GST) Council today clarified that the registration for Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) will be opened from 18th this month.
However, the Council has not fixed the date in which these provisions will be implemented.
“The registration for persons liable to deduct tax at source and collect tax at source (TCS) will commence from 18th September 2017. However, the date from which Tax deducted at source and TCS will be deducted or collected will be notified by the Council later.”
The Government had decided to defer the implementation of provisions relating to Tax deduction at source (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.
