Sellers on Flipkart, MakeMyTrip, Amazon to benefit from lower TCS

NEW DELHI: Suppliers, who sell their goods and services through platforms like Amazon, Flipkart, MakeMy Trip and Yatra, will benefit from the cut in TCS (tax collected at source) rate from 1% to 0.5% in terms of having more working capital to operate their businesses. However, only those businesses which are not very profitable or are in their initial phase will get the advantage, say experts.

The announcement to cut TCS was made in the 53rd GST Council meeting last Saturday.