Govt. defers TDS / TCS provisions, reverse charge mechanism till September-end

GST Implementation Committee decides to keep in abeyance GST provisions relating to reverse charge mechanism, tax deducted at source (TDS) and tax collected at source (TCS) for another 3 months till September-end; Senior revenue official says, "The GIC has decided to postpone by three months the TDS/TCS and RCM provisions. Notification will be issued shortly. The GIC decision has been circulated to the states for issue of simultaneous notification" : Moneycontrol.com...