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...
For June 2024, key GST due dates include June 10 for GSTR-7 (TDS) and GSTR-8 (TCS), June 11 for GSTR-1 (outward supplies for businesses with turnover over ₹5 crore and those opting out of QRMP), June 13 for GSTR-6 (Input Service Distributors), June 20 for GSTR-3B (summ...
6 GSTR – 5A Due date extended 20th of next month 7 Time limit of TDS Deposit extended No interest levied 30-06-2020 Circular 137/07/2020 8 Time limit of TDS Deposit extended No interest levied 30-06-2020 Circular 137/07/2020 Note: GSTR 5 – Every registered non-resident taxable pe...
The industry now actually requires to gear up to get things updated in their systems by the date notified. It is expected that the idea of TCS and TDS would help the tax department to penetrate more in the Economic system and would be proved to be the doorway to get direct and the ...
Co-operative Societies - Rate of TDS during the FY 2025-26 (Assessment Year 2026-27). Firms - Rate of TDS during the FY 2025-26 (Assessment Year 2026-27). Local authorities - Rate of TDS during the FY 2025-26 (Assessment Year 2026-27). ...
Integrate GST HSN code into your Enterprise Resource Planning (ERP) systems to ensure seamless implementation and automated coding. This reduces the chances of human error and increases efficiency. 5. Regular Updates Stay informed about GST rates 2024 and changes or updates to HSN codes, for updati...
Date: December 16, 2017 (24th GST Council Meeting Updates - Implementation of E-way bill) The discussion mainly pointed toward the implementation of E-way bill system in the country. After having Discussion with all the states GST council took following decisions regarding applicability of E-way...
Due Date - GST Jan 22, 2025 CBDT notifies amendments in Income-tax Rules, 1962 to prescribe conditions for applicability of presumptive taxation regime for non-resident cruise ship operators Jan 22, 2025 Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A ...
GSTR-7Specifics of TDS deducted, refunds, and liabilityTaxpayers who need to deduct TDS GSTR-8Specifics of all supplies made through the e-commerce platform and the TCS collectedE-commerce businesses GSTR-9Specifics of outward and inward supplies and a summary value of supplies reported under...
GSTR-4 Due Date:Extended to 30th June from FY 2024-25 onwards. TCS Rate Reduction:Lowered to 0.5% (0.25% CGST/SGST). Mandatory Filings: GSTR-7:Mandatory filing even with no TDS, no late fee for nil filing. GSTR-9/9A Exemption:Exempt for taxpayers with turnover up to Rs.2 crore ...