TDS and TCS on GST Postponed for Smooth Rollout

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The provisions of Sec 51 and Sec 52 of the CGST / SGST Act 2017, relating to TDS and TCS on GST respectively have been postponed by issuing a press release today by the Ministry Of Finance. This has been done to ensure the smooth rollout of GST pan India. According to the press release, the dates of the applicability of the provisions relating to TDS & TCS on GST will be brought into force from a date which will be communicated later and the liability to deduct or collect tax will arise from the date the respective sections are brought into force. Persons supplying goods or services through electronic commerce operator (e-commerce), liable to collect tax at source, would not be required to obtain registration immediately, unless they are so liable under Section 22 or any other category specified under Section 24 of the CGST / SGST Act, 2017. Ministry of Finance says that it has taken this step of postponing the TDS & TCS on GST “to provide more time for persons liable to deduct tax at source / E-Commerce Companies and their suppliers to prepare for the historic tax reform.”

The Press Release is produced below:

 

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