Income tax department exempts e-auctioneers from 1% TDS

The department clarified that when these taxes are separately disclosed on invoices, then they have to be deducted before calculating the TDS

Goods and services tax, gst

The Finance Act, 2021 imposed TDS at the rate of 0.1 per cent on buyers of any goods more than Rs 50 lakh from domestic sellers.

New Delhi
The income tax department has exempted e-auctioneers from tax deducted at source (TDS) imposed at the rate of one per cent on e-commerce platforms, subject to certain riders.

The department

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First Published: Nov 25 2021 | 10:46 PM IST

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