Govt Notifies Implementation of TDS, TCS Provisions under GST

In a significant move, the Central Government has notified that the provisions relating to Tax Deduction at Source ( TDS ) and Tax Collection at Source ( TCS ) under the new Goods and Services Tax (GST) regime will be implemented from 1st October 2018. The registration for these provisions has already started in the GSTN portal from earlier this year. The new indirect tax law, GST turned one year…