TCS Calculation on Receipt of Payment:As per new TCS section, user need to collect TCS on receipt of payment of sale of goods, where the receipt of payment is over and above the threshold amount within same financial year. To accommodate the same, a new design is provided in Microsoft Dyn...
Meaning of TDS and TCS Meaning of Composition Supply & Mixed Supply 4.Schedules in Golden& Services Tax Schedule I: Supplies Made without Consideration Schedule II: Supplies treated as Goods or Services Schedule III: Supplies treated nor a goods nor a service ...
Airbnb will deposit TCS against your updated GSTIN on a prospective basis and is unable to amend past TCS returns. I need to register for GST. How can I do this? Submit your registration on the Goods and Services Tax Network here. Please consult a professional on your GST obligations ...
Under different taxation systems, a host of goods or services is exempt from tax owing to socio-economic reasons. For instance, under the service tax regime, clinical and education services were exempt from service tax. Similarly, the sale of life-saving drugs or books meant for reading in di...
GST has essentially excluded the cascading impact on the sale of goods and services. Removal of the cascading effect has affected the cost of goods. Since the GST regime reduces the tax on tax, the cost of goods decreases. All procedures like registration, return filing, request for return, ...
Goods and Service Tax (GST) is an indirect tax levied on supply of goods or services or both. It is a destination/consumption based tax levy which is payable in the state in which the goods and services are consumed. It is levied and collected on value addition at each stage of producti...
GST Training in Bangalore- Cosmic IT Services Pvt Ltd is the best place where you can learn about Goods and Service Tax. We provide the best and quality GST Training at an affordable rate.
Entities responsible for deducting or collecting Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) Individuals or businesses selling goods through online marketplaces like Amazon and Flipkart Individuals involved in the cross-border trade of goods and services Individuals or businesses...
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 ...
Airbnb will deposit TCS against your updated GSTIN on a prospective basis and is unable to amend past TCS returns. I need to register for GST. How can I do this? Submit your registration on the Goods and Services Tax Network here. Please consult a professional on your GST obligations ...