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The India TCS GST rate has decreased to 0.5% from 1% on July 10, 2024
On July 10, 2024, the Tax Collection at Source (TCS) for the India Goods and Services Tax (GST) rate decreased to 0.5% from 1%, according to a notification by the Government of India.
We started to use the new tax rate on our systems on July 13, 2024.
You can review TCS deductions by us in your electronic cash ledger at the GST portal of the Government of India.
For more information about TCS GST, go to GST and TCS FAQ.
Tags:News and Announcements
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2 replies
Seller_A2Yg85uOAN1BF
What about the TDS? isn't it reduced to 0.1% from 1 %?
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Seller_zpZMrg6hYH9uO
I have not received TDS TCS Amount in GST Portal for month of July
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