Kerala High Court stays GST on tax collected at source on cars

In a temporary relief to the auto industry among others, the Kerala high court has stayed the imposition of goods and services tax (GST) on tax collected at source (TCS). There is a provision under income tax to impose TCS on certain high value goods including sale of cars above Rs 10 lakh. TCS at the rate of one per cent is imposed on automobiles. TCS is collected to identify purchasers of high v…