TDS refers to the tax that is deducted by a buyer, such as a government department when making payments for goods or services under a business contract. This ensures that tax is collected at the source of payment. On the other hand, TCS involves the tax collected by the seller at the ...
Sir, I am a govt. Contractor having tippers also for the supply of aggrigate stone,bricks etc.i have started supplying the materials like bricks aggregate like stone ,sand etc what will be the rate of gst that i will charge in my bill. Ananda Karua:On 18 August 2017 What will be the...
7th Pay Commission Option Form Ready Reckoner For All Grade pay Follow us on : Footer Central Government Employees News | Central Government News | Central Govt Employees News | Central Government Jobs & Orders | Central Government Latest News | central government employees news latest update | ...
Inside the GST regime, one of the problems is if the credit can be refused to the purchaser of goods and services for the fault of the supplier for non-payment of taxes post to collecting the tax amount through the purchaser. Important Provisions Towards
To record the GST TDS deduction that was made by the customer, go to Accounts receivable > Customers, and mark the customer as Govt Company. When you're ready to post the journal, go to Accounts receivable > Payment > Customer payment journal, and select the appropriate journal. In...
For more information, seeCreate a GSTIN master. Set up GST reference number groups.GST transactions are differentiated through a unique number sequence. If different number sequence is required for every warehouse or for the addresses of legal entities, you can create a reference number sequence gr...
Interest on delayed payment of tax, Section 50 of CGST Act, 2017 Revised GST rate on Other non-alcoholic beverages Revised GST rate on Sulphur recovered as by-product in refining of crude oil Revised GST rate on Marble and travertine, other than blocks ...
The Centre has circulated Rs 30,000 crore to the states as GST compensation on March 27, and about Rs, 63,000 crores is pending for the current fiscal, the Finance Ministry announced on Tuesday. In this article, we will discuss Govt releases Rs 30,000 cr to states as GST compensation....
Payment of Tax Beneath the QRMP Scheme: The RPs are payable the rest in each of the two months by 25th of next month in the quarter by choosing “Monthly payment for the true taxpayer” as a judgement to generate Challan. Post the adjustment of Input Tax Credit the Fixed Sum Method (...
Building Fairness and appropriateness: GST is a consumption tax, and taxpayers should see direct benefits accruing from their payment of taxes. An arrangement for sharing GST revenues with local bodies would be fair and appropriate Improves Local governance: Sharing GST revenues with local bodies would...