E-commerce Firms Like Flipkart and Snapdeal to Deduct TCS Under GST
E-commerce operators like Flipkart and Snapdeal will have to deduct TCSBSE -1.02 % (tax collected at source) while making payments to their suppliers, according to the new model GST law, which has done away with the definition of ‘aggregator’. Explaining the changes in the provision, experts said the proposal will increase the compliance burden …