\"The Opposition underestimates the wisdom of the electorate. I am confident that the electorate will respond to India's Opposition parties and show them their place,\" says the FM.

\"If fake issues are taken out of Rahul Gandhi's speech, nothing will perhaps be left. The Opposition is in a pathetic state.

Earlier in December, the CBIC had said that the TCS amount would also be included while ascertaining the GST liability on goods on which TCS is applicable under the I-T Act.

The 33,000 square feet bungalow belonging to Fugitive diamantaire Nirav Modi was brought down using dynamites from all possible points, the Raigad district administration said.

A clarification in this regard was issued by the CBIC after representation from the industry and consultation from the Central Board of Direct Taxes (CBDT). According to the clarification,  'TCS is not a tax on goods but an interim levy on the possible income arising from the sale of goods by the buyer and to be adjusted against the final income-tax liability of the buyer'.