Harium

Govt. defers TDS, TCS provisions under GST 

• Government has deferred implementation of TDS and TCS provisions under GST to ensure its smooth rollout.

• Based on the feedback received from trade and Industry, the Government has decided to postpone provision relating to TDS and TCS

• Business with turnover less than Rs. 20 Lakhs, will also not be required to register themselves under GST for selling goods or services through E-commerce portal.

• Response from E-Tailers

       Paytm :

"The Government's move to offer additional time for GSTN implementation will come as a relief to online sellers and consumers alike."

        Snapdeal : 

 "The additional time would benefit lakhs of online sellers"

       Amazon :

"This ensures business continuity for the market place but most importantly benefits our sellers since they don't have to deal with pressures of cash flow at a time when they are transitioning into a new tax regime"  

                 ...............................................