Witryna13 kwi 2024 · Section 192 of Income Tax Act talks about the tax deduction at the source of salary. The person who pays the salary is responsible to deduct TDS at the time of … Witryna23 lut 2024 · Payment of Tax deducted to Government;-The amount deducted as tax shall be paid to the Government by the deductor within 10 days after the end of the month.( Sec 51(2) of CGST Act 2024) Mode of payment of tax deducted under TDS: The deductor has to generate a challan in the portal at www.gst.gov.in and deposit the tax …
Mere Delay In Remittance Of TDS Doesn’t Attract Penalty Under S …
Witryna17 kwi 2024 · The TDS shall be deducted at the time of payment made or credited to the supplier/deductee account. For example there is contract for taxable supply of goods say Rs.500000.00 including GST. GST rate is 12%. 1. Advance Payment made Rs.50000.00. TDS shall be deducted from Rs.44643.00 after deducting the amount of tax. 2. WitrynaAny payment that is made under the TDS provision is paid only after deducting the tax on it. Since the incorporation of Goods and Service Tax in India, the governing body … atabau épker
TDS on GST GSTR-7 Amendments, Rules with Examples 2024 …
Witryna15 kwi 2024 · 9. Deductor and Deductee – Person deducting GST TDS will be termed as ‘deductor’. Supplier from whose invoice tax is deducted will be termed as ‘deductee’ … Witryna26 lip 2024 · After GST was implemented, CBDT received many queries on TDS on services and treatment of the GST component. CBDT has clarified through Circular … Witryna30 maj 2024 · Under the income tax laws, TDS is levied on various incomes such as salaries, fixed deposits, recurring deposits etc. The tax is deducted when income is … atabares