The total outstanding dues payable by state-owned distribution companies to power generators grew 40.5 per cent year-on-year, to reach Rs.1,31,985 crore on August 31, 2020.
The Central Board of Direct Taxes of India (CBDT) has exempted power trading transactions through online exchanges from the newly imposed section 194 (O) – TDS on E-Commerce Transactions & section 206C (1H) – TCS on Sale of Goods on e-commerce platform, of Income tax Act, 1961.