Tax collection at source requires Tea Board to collect TCS from sellers and auctioneers under GST. The Tea Board, as operator of an electronic auction platform using an escrow mechanism, must collect Tax Collected at Source (TCS) separately: from sellers (tea producers) on the net value of supply of goods (tea) and from auctioneers on the net value of supply of services (brokerage).
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Tax collection at source requires Tea Board to collect TCS from sellers and auctioneers under GST.
The Tea Board, as operator of an electronic auction platform using an escrow mechanism, must collect Tax Collected at Source (TCS) separately: from sellers (tea producers) on the net value of supply of goods (tea) and from auctioneers on the net value of supply of services (brokerage).
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