As per the new update by government of India GST council "recent change in the Tax Collected at Source (TCS) rate under section 52 of the CGST Act. Following the 53rd GST Council Meeting on June 22, 2024, the rate of TCS has been reduced from 1% to 0.5%.
These changes are effective from July 10, 2024, as per notification no. 15/2024 - Central Tax and 01/2024 - Integrated Tax. Flipkart Systems will implement this change starting July 12, 2024."
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26 авг 2024