GST TDS is applicable for Registered Customers. User can calculate GST TDS on cash or bank payment from customer, user needs to enter GST TDS/TCS Base Amount manually for calculating GST TDS. A provision for updating GST TDS certificate details is available under Financial Management ...
Note: If you select Tax Deductor as the GST Treatment for the customer, the Is GST TDS applicable? option will be enabled by default. Please note that this applies only during customer creation, and not for vendors.Click Save.Similarly, you can create vendors and enable GST TDS for them ...
GST TDS is applicable to intrastate and interstate supply. In their electronic cash ledger, deductee can claim a credit for the tax that is deducted and use it to pay other taxes. Set up GST TDS Follow these steps to set up GST TDS. ...
How to apply TDS for a contact? Go to the Contact tab. Create a new contact. 3. Enable the checkbox if TDS is applicable to you. 4. After enabling the TDS checkbox, you are required to fill in the: Vendor's PAN number Deductee Type Enable exemption limit, and input the TDS higher...
Clarification on tds applicability for cinematographer and assistant in ad shoot... (2) Gst challan payment reversal issue(1) Section 128a of cgst act(10) Go to Forum Latest Case Laws May I be born again and again, and suffer thousands of miseries so that I may worship the only God tha...
The GSTN (Goods and Services Tax Network) will soon allow metal scrap dealers to register for TDS (Tax Deducted at Source) under section 51 of the GST Act. View more 11th October 2024 GSTN has been enabled in four new states Odisha, Kerala, Nagaland, and Telangana, for the verification...
It stands for Goods and Services Tax Identification Number, will be a 15 digit number, often abbreviated as GSIN. Those dealers who have Read More 01 Jan 1970Posted By: E-StartupIndia No TDS shall be deductible on GST component of Invoice No TDS shall be deductible on GST component ...
For Instance GST invoice, your freelancer bill Rs.30,000/- *18% RCM Rs.5400/- = Rs.35,400/- you GST Tax Invoice. You should deducted TDS on Rs.30,000/- *2% Rs.600 = Balance Rs.29,400/- you should make payment to your freelancer....
GSTR-6 for Input Service Distributor GSTR-7 for TDS Deductor GSTR-8 for TCS Collector GSTR-9 for Annual Return GSTR-10 for Final Return Duty of Taxpayer After Receiving GSTR-3A Notice When the defaulter or taxpayer receives notice in GSTR-3A from the government, he is allotted 15 ...
8Time limit of TDS Deposit extendedNo interest levied30-06-2020Circular 137/07/2020 Note: GSTR 5 – Every registered non-resident taxable person is required to furnish a return in GSTR-5 in GST Portal GSTR 5A – The filing of GSTR 5A is mandatory for the non-resident OIDAR service ...