CBIC notifies 0.25% TCS Rate for Intra-State Supplies of E-Commerce

The CBIC has announced a reduced TCS rate of 0.25% for intra-state supplies made by e-commerce operators, effective from October 1, 2024. This change aims to simplify compliance and boost digital transactions within states. E-commerce platforms must now adjust their systems to reflect this lower rate, ensuring seamless implementation across their operations. This move aligns with ongoing efforts to streamline taxation processes and encourage greater participation in digital commerce across India.