GST TCS on a payment that is received from an e-commerce operatorCreate and post a customer payment journalGo to Accounts receivable > Customer payment journal. Select New, and set the following values: Account type: Customer Account: NMF-CU000001 Credit: 67416.00 Offset account type: Bank ...
In other words, tax must be collected if the amount is received on or after October 1, 2020.To turn on the feature, go to Workspaces > Feature management, select the Enable TCS calculation on payment collection from customer basis feature, and then select Enable now....
As per the interpretation of TCS on sales of goods u/s 206C (1H), tax should be collected ‘at the time of receipt’ . It is clarified under law that TCS on sales of goods will be collected when actual payment is received by the seller. How...
As per the interpretation of TCS on sales of goods u/s 206C (1H), tax should be collected ‘at the time of receipt’ . It is clarified under law that TCS on sales of goods will be collected when actual payment is received by the seller. H...
s account, or when the seller receives such an amount from the aforementioned buyer by any mode, whichever is earlier. So, the amount debited to the buyer’s account or payment received by the seller would include VAT/excise/GST. Hence, as a seller, you must collect TCS inclusive of GST...
Section 194 – TDS on Dividend TDSMANDecember 23, 2024No Commentson Section 194 – TDS on Dividend Dividend received by resident shareholders are now taxable as per the income tax slab rates. Sec 194 has gained prominence as TDS shall be deducted on dividend by the company…Read more » ...
on-board unit (OBU) device of the vehicle entering the tollgate, and collecting a non-stopping automatic toll through the TCS of an electronic scheme; primarily authenticating the collected non-stopping automatic toll using the vehicle number included in the received payment information and vehicle ...
Retailers are trying to adopt smart and connected technologies such as radio frequency identification (RFID), computer vision, smart cards, smart kiosks, mobile applications, automated payment, IoT, augmented/virtual/mixed reality inside the store for addressing the requirements across the key business ...
We will issue your refund using the same payment method that You used for the original transaction, unless You expressly request a different method. In any case, You will not incur any fees as a result of this refund. We may defer the refund until We have received the product or until ...
If you are indeed dealing with scammers, the procedure (and chance) of getting your money back varies depending on the payment method you used. PayPal Debit card/Credit card Bank transfer Wire transfer Google Pay Bitcoin PayPal If you used PayPal, you have a strong chance of getting your ...