Tax collected at source expanded to cover motor vehicle sales and high-value goods/services, with overlap excluded where TDS applies. Amendment expands tax collected at source under section 206C to require collection on sales of motor vehicles above a specified value at a one per cent rate, and on other goods (excluding bullion and jewellery) and services where consideration exceeds a prescribed amount; collection applies irrespective of payment mode. A proviso prevents collection where tax has already been deducted under Chapter XVII-B, and a new clause allows prescribed classes of buyers to be exempt from the collection obligation upon satisfying prescribed conditions.
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Provisions expressly mentioned in the judgment/order text.
Tax collected at source expanded to cover motor vehicle sales and high-value goods/services, with overlap excluded where TDS applies.
Amendment expands tax collected at source under section 206C to require collection on sales of motor vehicles above a specified value at a one per cent rate, and on other goods (excluding bullion and jewellery) and services where consideration exceeds a prescribed amount; collection applies irrespective of payment mode. A proviso prevents collection where tax has already been deducted under Chapter XVII-B, and a new clause allows prescribed classes of buyers to be exempt from the collection obligation upon satisfying prescribed conditions.
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