Tax collection on sale of overseas tour packages requires higher withholding by sellers above specified threshold. Amendments to section 206C(1G) change numeric thresholds and provisos with defined effective dates: substitution reducing the long line threshold and omission of the education/medical-treatment limitation from 1 July 2023; revisions to the second proviso from 1 October 2023 altering the numeric term and changing qualifying language to 'for purposes other than'; insertion from 1 October 2023 requiring sellers of overseas tour programme packages to collect twenty per cent on amounts received above a specified annual threshold; and a transitional proviso directing collection between 1 July and 1 October 2023 under the sub section as it stood on 1 April 2023.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax collection on sale of overseas tour packages requires higher withholding by sellers above specified threshold.
Amendments to section 206C(1G) change numeric thresholds and provisos with defined effective dates: substitution reducing the long line threshold and omission of the education/medical-treatment limitation from 1 July 2023; revisions to the second proviso from 1 October 2023 altering the numeric term and changing qualifying language to "for purposes other than"; insertion from 1 October 2023 requiring sellers of overseas tour programme packages to collect twenty per cent on amounts received above a specified annual threshold; and a transitional proviso directing collection between 1 July and 1 October 2023 under the sub section as it stood on 1 April 2023.
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