India's Central Board of Direct Taxes (CBDT) recently issued Circular No. 17 of 2020, which provides guidance on new rules for the application of tax deduction at source (TDS) and tax collection at source (TCS) to e-commerce transactions. The new rules were introduced as part of the Finance Act 2020 and apply from 1 October 2020, including a new section 194-O and a new sub-section (1H) in section 206C.
Section 194-O provides that resident and nonresident e-commerce operators are required to…