Tax Collection at Source rate reduced for intra state supplies; electronic commerce operators to collect TCS at the lower rate. The notification amends the earlier state GST notification to substitute the existing TCS rate described as 'half per cent' with a lower specified rate for Tax Collection at Source on intra state taxable supplies effected through electronic commerce operators, enacted under the state's GST statutory power on the GST Council's recommendation. It further stipulates that the amended rate is deemed to have come into force from a specified earlier commencement date, so that electronic commerce operators are to collect TCS at the reduced rate from that date.
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Tax Collection at Source rate reduced for intra state supplies; electronic commerce operators to collect TCS at the lower rate.
The notification amends the earlier state GST notification to substitute the existing TCS rate described as "half per cent" with a lower specified rate for Tax Collection at Source on intra state taxable supplies effected through electronic commerce operators, enacted under the state's GST statutory power on the GST Council's recommendation. It further stipulates that the amended rate is deemed to have come into force from a specified earlier commencement date, so that electronic commerce operators are to collect TCS at the reduced rate from that date.
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