From road transport to health insurance, tax rules that changed from Oct 1

A slew of changes to direct and indirect taxes announced by the government earlier came into effect from October 1. 

Here’s the lowdown on the changes:

TAXES

i) 1% tax deducted at source (TDS) applicable on e-commerce operator on sale of goods. However, certain exemptions have been provided to some modes or players such as insurance agents or aggregators after the first premium with some riders

ii) 0.1% tax collected at source (TCS) on sellers receiving ~50 lakh in the previous year from the sale of goods

iii) TCS at the rate of 5% imposed on money remitted outside India. However, if the remittance is