Budget 2026-27: Companies seek elimination of TDS and TCS on GST-covered transactions - A2Z Taxcorp LLP

Industry bodies and businesses want Budget 2026 to do away with tax deduction at source (TDS) and tax collection at source (TCS) on transactions subject to goods and services tax (GST), saying the parallel levy system has become redundant, costly and prone to compliance errors. Several industry bodies and professional firms made these demand in their pre-Budget submissions, tax experts said. The p…