The Central Board of Indirect Taxes and Customs, (CBIC) on July 11, 2024, issued a notification related to the rate of tax collection at source (TCS) to be collected by every electronic commerce operator for intra-union territory (without legislature) taxable supplies.
The Central Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 12/2018-Union Territory Tax, dated September 28, 2018 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 940(E), namely:-
The following has been stated-
•In the said notification, for the words “half per cent.”, the figure and word “0.25 per cent.” shall be substituted.
[No. 01/2024- Union Territory Tax]
