VAT news tagged as "Tax collected at source"


India e-commerce GST withholding tax

November 28th, 2016

Indian e-commerce companies will face Tax Collected at Source (TCS) obligations on the new Goods and Services Tax regime due to launch in 2017. The rate could hit 2% on intra-state sales of goods and electronic services. TCS is an Indian income withholding tax collected from suppliers by Indian e-commerce companies – such as Snapdeal …