Automatic Reflection of TDS Once the deductor files the return, the TDS shall be reflected automatically in the electronic cash ledger of deductee. The deductee can claim credit of this tax deducted and use it for payments of other taxes. ...
Credit: 1,500,000.00) Offset account type: Ledger Offset account: 600120 Already posted transaction: 2,000,000 Initial threshold value: 2,000,000 SelectWithholding tax. Notice that withholding tax is calculated as expected, based on the percentage that you previously set up for this vendor (0.1...
Scenario: GST TDS on payment to a vendor transactionGo to Accounts payable > Vendor payment journal, and select New. In the Account type field, select Vendor, and then, in the Account field, select INMF-000001. In the Credit field, enter 1200.00. In the Offset account type field,...
The GST TDS Credit received will be shown on settlement page.User can manually enter amount in GST TDS Credit Utilized field for utilizing against the liability.Choose the icon, enter Bank Receipt Voucher or Cash Receipt Voucher, and then choose the related link. Fill in the fields...
GST on service management GST input service distribution TDS TDS for customer TCS Voucher interface Fixed asset Gate entry Subcontracting Stale cheque Italy Mexico Netherlands New Zealand Norway Russia Spain Sweden Switzerland United Kingdom United States ...
Here is the detailed article on TDS & TCS under the GST law – a complete guide to understand the latest provisions & implementation of the same.
Tax deducted at source introduced in GST is a mechanism to track the transaction of supply of goods or services. Let's check when & who is liable to deduct TDS Under GST.
Find HSN Code for GST File your Income Tax Return Steps to e-file Income Tax Return Register for e-filing Pay due tax: Easy steps Section 80 Deductions Explained Read Form 16 Read Form 26AS (Tax Credit) Send ITR-V to CPC Bangalore Find Your Income Tax Refund Status Filing Income Tax ...
Rating On Google PlayF.A.Q Frequently Asked Questions TDS/TCS returns filed in electronic form as per section 200(3)/206C,as amended by Finance Act,2005 What is TDS? Who is eligible for TDS? What Documents Are Required For TAN Application? What to do if the TDS credit is not ref...
Unlock Ad-Free CAclubindia and Daily Mobile Updates!Instant updates via WhatsApp at your fingertips!Daily E-Newsletter on GST, Income Tax, Finance & more5% Off on Professional CoursesAnd Much More!Subscribe Now an assessee who declares profits and gains in accordance with the provisions of sub...