The Central Board of Indirect Taxes and Customs (CBIC) has issued a set of Frequently Asked Questions (FAQ) on the topic, Tax Collection at Source ( TCS ) wherein the Board has clarified that TCS cannot be charged on exempted supplies, supplies taxable under the reverse charge mechanism (RCM) and imports and exports which would […]
The post No TCS on Exempted Supplies, Supplies Taxable under RCM & Imports / Exports: CBIC issues FAQs appeared first on Taxscan | Simplifying Tax Laws.
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