Collection of tax at source by Tea Board of India

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..... rator of the electronic auction system for trading of tea across the country including for collection and settlement of payments, admittedly falls under the category of electronic commerce operator liable to collect Tax at Source (hereinafter referred to as, TCS ) in accordance with the provisions of section 52 of the CGST Act. The participants in the said auction are the sellers i.e. the te .....

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..... rification:- It is clarified that TCS at the notified rate, in terms of section 52 of the CGST Act , shall be collected by Tea Board respectively from the - (i) sellers (i.e. tea producers) on the net value of supply of goods i.e. tea; and (ii) auctioneers on the net value of supply of services (i.e. brokerage). - Manuals - Ready reckoner - Law and practice - Reference Guide - Quic .....

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