ENFORCEMENT OF AMENDMENTS REGARDING
TCS ON COUNTRY LIQUOR AND SCRAP POSTPONED INDEFINITELY
The Government has
decided to further postpone the date of coming into effect of
the amendments made to section 206C relating to tax collection
at source by sellers of country liquor, Indian made foreign liquor,
scrap and timber.
The Finance Act,
2003 made certain amendments to the Section 206C. Subsequent to
these amendments, representations were received from various quarters,
including State Government authorities in the matter of various
consequences flowing from the amendments. Accordingly, it was
decided to postpone the coming into effect of the amendments in
the above mentioned section till September 1, 2003.
Presently, various
representations received in this regard are still under consideration
of the Government. It has therefore been decided to further postpone
the date of coming into effect of these amendments till a final
decision is taken.
