TCS shall be applicable only on the amount received on or after 1st October, 2020: Finance Ministry issues Clarifications

The Ministry of Finance has issued clarification on the applicability of Tax Collection at Source on newly introduced provisions relating to Tax Collection at Source (TCS) on certain goods introduced vide Finance Act, 2020. The Finance Ministry said that, There are reports in certain sections of media wherein certain doubts have been raised regarding the […]

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