Q 169. What is Tax Collection at Source (TCS)?

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Ans. In terms of Section 43C(1) of the MGL, the e-commerce operator is required to collect (i.e. deduct) an amount out of the consideration paid or payable to the actual supplier of goods or services in respect of supplies of goods and / or services made through such operator. ┬áThe amount so deducted/collected is called…

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