E-comm firms to not tax sellers with revenue below â¹20 lakh
The government has said e-commerce companies aren't liable to collect Tax Collected at Source (TCS) from suppliers with less than â¹20 lakh turnover and who aren't registered under GST. GST provisions, beginning October 1, required e-commerce companies to deduct 1% TCS before making payments to suppliers. This comes after companies faced trouble deducting TCS and depositing it to the government.