Online travel agents liable to deduct TCS under GST: CBEC

NEW DELHI: Travel agents providing online ticketing and other services will be liable to deduct 1 per cent tax at source under the GST regime as they have been classified as e-commerce operators, the CBEC said today.

Under the Goods and Services Tax (GST) regime, an e- commerce operator is required to collect 1 per cent of the net value of taxable supplies made through it. The amount so collected is called tax collected at source or TCS but this provision has been kept in abeyanc ..

Source:
http://economictimes.indiatimes.com/articleshow/59970453.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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