The tax administration’s fascination with ‘data’ collection has been a hallmark of India’s tax policy in the recent years. Introduction of technology led GST regime in India paved the way for granular transaction level reporting for indirect tax purposes. This was followed by introduction of Tax Collection at Source (TCS) on sale of goods last year where seller was entrusted with the responsibility to collect Income-tax at 0.1% from buyer, subj ..
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https://economictimes.indiatimes.com/small-biz/policy-trends/new-tds/tcs-regime-from-july-1-are-you-ready/articleshow/83944077.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst