Here is the detailed article on TDS & TCS under the GST law – a complete guide to understand the latest provisions & implementation of the same.
TCS (Tax Collected at Source) is another provision under GST in which the seller or service provider collects a specified percentage of tax from the buyer or recipient and deposits the collected tax amount with the government. TDS and TCS in GST were introduced in the Goods and Service Tax r...
Also, all the other suppliers who supply Goods and services through an e-commerce operator should get them registered under GST. The rate of TCS deduction is at 1% under CSGT, 1% under SGST and 2% under IGST. Just like TDS, the amount of TCS paid to the government by an operator must...
GST、TDS、TCS、RCM、BCD、SWS: GST(Goods and Service Tax):货物与劳务税,主要针对出售货物和劳务缴纳至联邦和中央的税额。分为四个子税: IGST(Integrated GST):综合货物与劳务税,适用于跨邦交易,存在进项和销项,该部分由中央政府征收,同一货物无论是在邦内交易还是跨邦交易其综合税负相等,即IGST=CGST+SGST;...
在集成日记帐中启用 GST/TDS-TCS 税 功能方案 项目集成日记帐已扩展,以便您可以在集成日记帐中选择印度直接税和间接税的税务属性。 您可以使用此扩展对通过 Microsoft Dynamics 365 Project Operations 执行的项目发票方案交易应用和计算所需的税。 要激活此功能,请执行以下步骤。
GST TDS/TCS Base AmountSpecify the GST TCS calculation base amount. GST TCSMark this field as True. For example, INR 1000 paid by the customer and 1% GST TCS (0.50% CGST, 0.50% SGST for Intra-State or Intra-Union Territory and 1% IGST for Inter State) has to be charged ...
Know about GST regular updates, gst rules, Taxation, TDS, Company Rules, accouting, nbfc, ibc, rbi updates and Business Laws.
Form GST REG-07 is a general application form concerned for the TDS deductor/TCS collector who has to file it and is in demand to obtain Goods and Services Tax (GST) registration. Going as per rule 12(1) of the Central Goods and Services Tax (CGST) Rules, 2017, a person liable to...
Under section 194Q, TDS doesn't have to be deducted on a transaction if it's deducted under any other section of the Income Tax Act, unless TCS is collected under section 206(c)(1H) of the Act. If the seller is liable to collect TCS under section 206(c)(1H), and the buyer is ...
When you select a TDS group in the TDS group field, the Withholding tax group and TCS group fields become unavailable.On the Tax information FastTab, in the PAN information section, in the Status field, select the status of the permanent account number for...