Rationalisation of TCS rates

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....ible. It is also proposed to reduce some of the rates so as to provide relief to the collectees. 2. Table: Sl. No. 1 of the said section provides that TCS on sale of alcoholic liquor for human consumption be collected at the rate of 1%. It is proposed that the rate shall be increased to 2%. 3. Table: Sl. No. 2 of the said section requires that 5% TCS be collected on sale of tendu leaves. It is p....

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....Sl. No. 8 of the said sub-section requires TCS at the rate of 5% and 20% on sale of overseas tour programme package including expenses for travel or hotel stay or boarding or lodging or any such similar or related expenditure. It is proposed to reduce the rate of TCS to 2%. It is further proposed that threshold for applicability of the provision be removed and TCS on sale of overseas tour programm....