Entirely unrelated but could either of you comment on the latest rule increasing TCS from 5% to 20% on foreign transactions by Indians. It feels like the kind that will end up reducing credit card usage and further dampen revenues from this route. Source:
Entirely unrelated but could either of you comment on the latest rule increasing TCS from 5% to 20% on foreign transactions by Indians. It feels like the kind that will end up reducing credit card usage and further dampen revenues from this route. Source:
https://indianexpress.com/article/explained/explained-economics/credit-card-spends-abroad-tcs-explained-8616200/