Seeks to Amend in the Notification No. 02/2018-Integrated Tax, dated the 20th September, 2018. - Rate of tax collection at source (TCS) to be collected by every electronic commerce operator for inter-State taxable supplies. - Appliable for other suppliers where consideration with respect to such supplies is to be collected by the said operator. - 01/2024 - Integrated GST (IGST)

Government Lowers TCS Rate for Inter-State E-commerce Supplies to 0.5% Under IGST and CGST Acts 2017.

The Central Government has amended Notification No. 02/2018-Integrated Tax, dated September 20, 2018, concerning the rate of tax collection at source (TCS) for inter-State taxable supplies by electronic commerce operators. The amendment reduces the TCS rate from 'one per cent.' to 'half per cent.' This change applies to other suppliers where the consideration for such supplies is collected by the operator. The amendment, issued under the Integrated Goods and Services Tax Act, 2017, and the Central Goods and Services Tax Act, 2017, will take effect upon its publication in the official gazette.