ENFORCEMENT OF AMENDMENTS REGARDING TCS ON COUNTRY LIQUOR AND SCRAP POSTPONED INDEFINITELY

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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.