TDS rate on e-commerce operators to be reduced to 0.1% from 1%: Nirmala Sitharaman

Reducing the TDS rate for e-commerce operators from 1% to 0.1% was a necessary step. This change will benefit vendors on platforms like Flipkart, Amazon, Swiggy, and Zomato by freeing up working capital. This proactive measure will financially support e-commerce companies, enabling innovation and growth. 

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