{"id":1361,"date":"2024-08-18T18:38:03","date_gmt":"2024-08-18T13:08:03","guid":{"rendered":"https:\/\/taxladdu.com\/?p=1361"},"modified":"2024-08-18T18:38:03","modified_gmt":"2024-08-18T13:08:03","slug":"change-in-tcs-rate-from-july-10-2024","status":"publish","type":"post","link":"https:\/\/taxladdu.com\/index.php\/2024\/08\/18\/change-in-tcs-rate-from-july-10-2024\/","title":{"rendered":"Change in TCS Rate from July 10, 2024"},"content":{"rendered":"<div class=\"row\">\n<div><\/div>\n<div><strong style=\"font-size: 16px; text-align: justify;\" data-ng-bind=\"news.title\">GST Council decision regarding reduction in TCS rate<\/strong><\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-xs-12\" style=\"text-align: justify;\">\n<p data-ng-bind=\"news.date\"><span style=\"font-size: 16px;\">TCS rate has been reduced from the current <\/span><strong style=\"font-size: 16px;\">1%<\/strong><span style=\"font-size: 16px;\"> (0.5% for CGST and SGST\/UTGST, or 1% IGST) to <\/span><strong style=\"font-size: 16px;\">0.5%<\/strong><span style=\"font-size: 16px;\"> (0.25% for CGST and SGST\/UTGST, or 0.5% IGST) effective from 10\/07\/2024 vide Notification No. 15\/2024 dated 10.07.2024.<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"row\">\n<p style=\"text-align: justify;\">Old rate i.e. 1% will continue to apply till 09th July, 2024.<\/p>\n<p style=\"text-align: justify;\">Tax payers shall be required to collect\u00a0 and report TCS at the old rate\u00a0 i.e. 1% for all the transactions happened till 09th July, 2024.<\/p>\n<p style=\"text-align: justify;\">From 10th July, 2024, onwards, revised rate of 1.5% will come into effect and Taxpayers shall have to collect and report TCS at the new rate for all transaction happened from 10th July, 2024.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/taxinformation.cbic.gov.in\/view-pdf\/1010100\/ENG\/Notifications\">https:\/\/taxinformation.cbic.gov.in\/view-pdf\/1010100\/ENG\/Notifications<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>GST Council decision regarding reduction in TCS rate TCS rate has been reduced from the current 1% (0.5% for CGST and SGST\/UTGST, or 1% IGST) to 0.5% (0.25% for CGST and SGST\/UTGST, or 0.5% IGST) effective from 10\/07\/2024 vide Notification No. 15\/2024 dated 10.07.2024. Old rate i.e. 1% will continue to apply till 09th July, &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/taxladdu.com\/index.php\/2024\/08\/18\/change-in-tcs-rate-from-july-10-2024\/\"> <span class=\"screen-reader-text\">Change in TCS Rate from July 10, 2024<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","footnotes":""},"categories":[1],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/taxladdu.com\/index.php\/wp-json\/wp\/v2\/posts\/1361"}],"collection":[{"href":"https:\/\/taxladdu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxladdu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxladdu.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taxladdu.com\/index.php\/wp-json\/wp\/v2\/comments?post=1361"}],"version-history":[{"count":1,"href":"https:\/\/taxladdu.com\/index.php\/wp-json\/wp\/v2\/posts\/1361\/revisions"}],"predecessor-version":[{"id":1362,"href":"https:\/\/taxladdu.com\/index.php\/wp-json\/wp\/v2\/posts\/1361\/revisions\/1362"}],"wp:attachment":[{"href":"https:\/\/taxladdu.com\/index.php\/wp-json\/wp\/v2\/media?parent=1361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxladdu.com\/index.php\/wp-json\/wp\/v2\/categories?post=1361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxladdu.com\/index.php\/wp-json\/wp\/v2\/tags?post=1361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}