Govt Defers TDS for online sellers ahead of GST newsreporter.in

Govt Defers TDS for online sellers ahead of GST

Merchants selling goods through e-commerce platforms and companies supplying goods and services to various government agencies have got more time to prepare for a system of tax collected at source with the government on Monday deferring enforcement of this requirement under the goods and service tax (GST) regime which is kicking in from midnight of Saturday.

The requirement of collecting upto 1% of tax from online shoppers by e-commerce companies and a 1% deduction of tax when central, state or local self governments make payments to suppliers specified in central and state GST laws, will be “brought into force from a date which will be communicated later,” said an official statement here.

2017-06-27 10:02:03 by Irene Fatima

Related Tufs

default thumb image

Kerala woman confined by mother

4yearold boy shot killed by

4yearold boy shot killed by

Tribute to Jayalalithaa RIP Jayalalithaa

Tribute to Jayalalithaa RIP Jayalalithaa

68

68

default thumb image

Related Tuf

US declared Hizbul Mujahideen chief

US declared Hizbul Mujahideen chief

Happy Friday Images Quotes

Happy Friday Images Quotes

Right Face Mask To Protect

Right Face Mask To Protect

user

Popular Tufs

Common mistakes in Salaah

Common mistakes in Salaah

Like a Fool

Like a Fool

Kanne un kadhal

Kanne un kadhal

Happy Nowruz Images  Nowruz

Happy Nowruz Images Nowruz

Tufing.com

Submit and share your interesting website links in our online social networking site.