Govt Explains the Concept of TCS under GST
The term Tax Collected at Source (TCS) is different from the concept of tax deduction at source (TDS). TDS refers to the tax which is deducted when...
![GST: Govt to implement TDS provisions from 18th September [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/09/Tax-dedution-at-source-TDS-Tax-Scan.jpg "GST: Govt to implement TDS provisions from 18th September [Read Notification]")
![Online Travel Agents liable to Deduct 1% TCS under GST: Provision kept in abeyance for the Time being, says CBEC [Read FAQs]](https://www.taxscan.in/wp-content/uploads/2017/08/Online-Travel-Agents.jpg "Online Travel Agents liable to Deduct 1% TCS under GST: Provision kept in abeyance for the Time being, says CBEC [Read FAQs]")
Finance Ministry postpones implementation of provision relating to TDS (Section 51) and TCS ( Section 52) of the CGST / SGST Act
With the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51...
Finance Ministry exempts Government, Embassies, etc. from TCS on cash purchase of goods or services [Read Notification]
In a recent gazette notification, Ministry of Finance through 21st amendment of Income Tax rules, has exempted Tax Collected at Source (TCS) on cash purchase of goods or services by Government,...
CBDT notifies procedure for online submission of TDS/TCS return through e-filing portal [Read Notification]
In a notification by Central board of Direct Taxes (CBDT) has issued procedure for online submission of statement of deduction of tax (TDS) under sub-section (3) of section 200 and Statement of...
![CBDT notifies procedure for online submission of TDS/TCS return through e-filing portal [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/06/Central-Board-of-Direct-Taxes-CBDT-Tax-Scan.jpg "CBDT notifies procedure for online submission of TDS/TCS return through e-filing portal [Read Notification]")
No TCS if the Cash receipt does not exceed 2Lac; CBDT issues clarification to Amendment in Section 206C of the Income Tax Act
The Central Board of Direct Taxes(CBDT) has issued a clarification regarding Amendment in Section 206C of the Income Tax Act vide Finance Act 2016. Through the Finance Act 2016, Central Government...
1% Tax at Source only on retail sales of Motor Vehicles of the value exceeding 10L₹: CBDT Circular [Read Circular]
In a Clarificatory Circular No 22/2016, dated 8th June 2016, the Central Board of Direct Taxes clarified Amendment in Section 206C vide Finance Act 2016. The one percent tax collection at source...
