TCS
Tax Collection at Source (TCS) refers to the tax collected by a seller or service provider at the point of sale or service, before the buyer makes payment. Under this system, the seller collects a certain percentage of the transaction value from the buyer and remits it to the government.
Deduction of STDS and TCS during Payment to Contractor
Government Departments are required to recover STDS (sales tax deducted at source) and TCS (collection of tax at source) from the bills at the time of making payment to any dealer (contractor or supplier).FinanceHealthTransportHigher EducationHigher Secondary EducationMadrasah EducationPublic WorksSchool EducationBackward Classes WelfareLabourLand ReformsPAROthers