Tax Collected at Source (TCS) was originally introduced under Section 206C of the Income Tax Act, 1961. It was applicable on the sale of specific goods and on transactions between specific entities as defined by the act. In the past year, the Government of India introduced new...
Analysis of Newly Introduced TCS Provisions U/S 206(1h) of the Income Tax Act, 1961 来自 Semantic Scholar 喜欢 0 阅读量: 2 作者: CAP Suvagiya DOI: 10.33516/maj.v55i11.73-75p 年份: 2020 收藏 引用 批量引用 报错 分享 全部来源 求助全文 Semantic Scholar 相似文献...
TCS Rate Chart: Goods Collected Under TCS Provisions and Rates Applicable To Them When the below-mentioned goods are used for the purpose of manufacturing, processing, or production purposes, then no taxes are levied. But if the same goods are used for trading purposes, then taxes will be le...
TDS and TCS under GST came into effect from1st October 2018. TDS refers to the tax which is deducted when the buyer of goods or services, such as government departments, makes payments under a business contract. Is TCS applicable on GST? Registration requirements under TCS provisions of GST ...
Here is the detailed article on TDS & TCS under the GST law – a complete guide to understand the latest provisions & implementation of the same.
Therefore, given the above provisions, if any user falling under the purview of Section 194Q(if you are a buyer of goods) or Section 206(1H)(if you are a seller of goods), in either case, from 1st July 2021, user need to check whether the counterparty has filed ...
(b) the international data transfer addendum to the European Commission’s standard contractual clauses for international data transfers,both issued by the ICO under section 119A(1) of the Data Protection Act 2018 at the time of publication of this version of the Privacy Policy. For further ...
Dear Sir Our Company turnover last Financial year 10 crocs above Now charge the TCS in all partys in our sales or This financial year 50 Lakhs above sale invoices only Pl give you Suggestion - GST
TCS provisions u/s 206C(1G) and 206C(1H)] Topic 2 - Penalty, Prosecution and Compounding procedures under TDS/ TCS regime [Delayed filing of returns/ Delayed payment of taxes; Interest u/s 201 and 201(1A) etc.] Topic 3 - TDS under Section 195 on payments made to Non-Residents [DT...
However, it's an additional step that the government has taken to catch people who don't file their income tax returns even when their tax has been deducted or collected and is shown in 26AS. Given the preceding provisions, if you fall under the purview of section 194Q (if you're a...