Goods and Services Tax (GST) Tax Deducted at Source (TDS) is deducted on specific percentages of the amount that is paid or payable by the buyer of goods and services. The buyer, a government company, enters into a contract with a supplier to buy goods and/or services where the ...
It isn't currently clear whether TDS under section 194Q should be deducted on the total invoice value including GST or on the taxable value excluding GST. Therefore, CBDT must issue clarification about this issue. However, the Advance threshold feature in Finance provides an option to include ...
TDS under section 194Q should be deducted on the total invoice value (Including GST) or taxable value excluding GST amount? CBDT must issue a clarification on this issue. However, Dynamics 365 F&O advance threshold feature provides an option to the user to include or exclud...
To create a customers and enable GST TDS:Go to Sales on the left sidebar and select Customers. Click + New in the top-right corner of the page. Enter the required details in the New Customer page. In the Other Details section: Select the GST Treatment of the customer. Check the ...
Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."Published by Arpit Kulshrestha Arpit Kulshrestha seeks higher interests in financial services, taxation, GST, I-T, etc. Writes articles with...
To set up GST TDS/TCS See Also This topic explains the requirement and the process of setting up GST TDS and GST TCS. GST TDS As per Section 51 of CGST Act, recipient of goods and services shall deduct TDS of 2% on payment amount where contract amount exceeds INR 250000. ...
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Section 194T : TDS application Hike in ATM charges effective from 1st May 2025 Refund for excess TDS deposited under 26QC 7th Pay Commission Leave Rules for Central Governm 26QB - TDS on Property, intt and Penalty GST Appeal with Tribunal ...
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Because of this issue, user is unable to make use of the "TDS Section - Natural Account Mapping" feature. For Solution:Refer to the following MOS Note: GST: TDS Section Code is not defaulting based on Natural Account and Section code mapping setup in case of PO matched invoices...