Tax collection at source on specified goods: amendment replaces the TCS table and fixes distinct rates for listed goods. Amendment substitutes the schedule in Section 206C to list specific categories of goods and prescribes the percentage rates for tax collection at source applicable to each listed category, thereby replacing the previous Table in the sub section and fixing the operative collection mechanism for those goods.
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Tax collection at source on specified goods: amendment replaces the TCS table and fixes distinct rates for listed goods.
Amendment substitutes the schedule in Section 206C to list specific categories of goods and prescribes the percentage rates for tax collection at source applicable to each listed category, thereby replacing the previous Table in the sub section and fixing the operative collection mechanism for those goods.
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