Finmin defers TDS & TCS provisions; No immediate registration for suppliers through e-commerce

Finance Ministry defers implementation of provisions relating to Tax Deduction at Source (TDS) and Tax Collection at Source (TCS), after taking into account feedback received from trade and industry; Accordingly, persons liable to deduct or collect tax at source in terms of Section 51 and 52 of CGST Act respectively, will be required to take registration but liability thereto will arise from date respective sections are brought into force; Resultantly, persons supplying goods...