E-commerce players might finally see the scrapping of the proposed tax collected at source (TCS) under the goods and services tax (GST) regime if proposals for draft policy on this sector are implemented. The proposals by a panel say that TCS be revisited, which according to the players mean that the concept be abolished altogether.
TCS at the rate of up to one per cent is yet to be implemented as it has been deferred till September this year. A spokesman of online marketplace ShopClues says, "Not only for the benefit of e-commerce companies but also for MSMEs and sellers ...
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