Tax collection on overseas tour packages requires sellers to collect TCS, subject to buyer-side tax deduction exception. Tax collection at source applies to sale of an overseas tour programme package. The seller must collect TCS from the buyer at 2%. Covered packages include ... Summary
Tax collection on overseas tour packages requires sellers to collect TCS, subject to buyer-side tax deduction exception.
Tax collection at source applies to sale of an overseas tour programme package. The seller must collect TCS from the buyer at 2%. Covered packages include travel, hotel accommodation, boarding, lodging, and similar or incidental expenditure. No monetary threshold applies. TCS is not collectible where the buyer has deducted tax at source under another applicable provision. The principal change from the earlier regime is reduction of the TCS rate from 5% to 2%.
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