Tag: TDS TCS under GST
Standard Operating Procedure on TDS under GST-FAQ and Ready Reckoner for guidance of DDOs and other deductors under GST by Law Committee of GST Council Central Board of Excise and Customs has issued Notification No. 33/2017 – Central Tax making the TDS oricusuins under GST applicable from 18th September …
FAQ on TCS provisions under GST by Law Committee GST Council. E-Commerce operator has to obtain separate registration for TCS As per Notification No. 51/2018 – Central Tax, TCS provisions under GST applicable from 01.10.2018. Under section 52 of CGST Act, electronic commerce operator are liable to deduct TCS. …
TCS Rate under GST @ half Per cent to be collected by every electronic commerce operator for intra-State taxable supplies. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 52/2018 – Central Tax New Delhi, the 20th September, 2018 …
Guidelines for Deductions and Deposits of TDS by DDOs under GST. Two options given-Generation of challan for each payment in month or bunching for any period CBEC Circular No. 65/39/2018-DOR F.No. S.31011/11/2018-ST-I-DoR Government of India Ministry of Finance Department of Revenue *** New Delhi, Dated the 14th September, 2018 …
TCS provisions u/s 52 of CGST Act applicable from 01.10.2018. Electronic commerce operator are liable to deduct TCS. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 51/2018 – Central Tax New Delhi, the 13th September, 2018 G.S.R. …..(E).— …
TCS Mechanism under GST. TCS is tax collected by e-commerce operator when a supplier supplies some goods or services through its portal TCS MECHANISM UNDER GST Tax Collection at Source (TCS) has similarities with TDS, as well as a few distinctive features. TDS refers to the tax which …
TDS Mechanism under GST-Guide by CBEC. Individual supplies may be less than Rs. 2,50,000/-, but if contract value is more TDS @ 1% will have to be deducted TDS MECHANISM UNDER GST Tax Deduction at Source (TDS) is a system, initially introduced by the Income Tax Department. It …
CGST TDS provisions effective from 18th September 2017 for 1 % deduction from payment to supplier where where the total value of such supply, under a contract, exceeds two lakh and fifty thousand rupees Government of India Ministry of Finance Department of Revenue Central Board of Excise and …
Postponement of provision relating to TDS-TCS of CGST-SGST Act 2017 to provide more time to stakeholderts to prepare for the historic GST tax reform Postponement of provision relating to TDS (Section 51) and TCS ( Section 52) of the CGST / SGST Act 2017 With the objective of …
