In 2020, the Indian Government had introduced the provisions for collection of tax at source (‘TCS’) on payments made under Liberalized Remittance Scheme and on overseas tour programme package. The Finance Act, 2023 proposed a slew of amendments to the TCS provisions which further opened a pandora’s box of nuances and practical challenges for the travel and hospitality industry.

Through this webcast, experts covered the aspects and overview of the TCS provisions, Applicability of the TCS provisions on certain transactions and Nuances and practical challenges.  (Live presentation was aired on 18 October 2023)