Input Tax Credit under GST: The net GST payable is the overall GST minus GST paid on buying raw material. Before GST, credit of taxes being levied by the central government was not available as a ...

New Delhi: The goods and services tax (GST) registrations for entities mandated to collect and deduct tax at source will start from 18 September. However, the date from which tax deducted at source ...

Tax Collected at Source (TCS) is applicable at a rate of 1% for both intrastate (0.5% CGST and SGST each) and interstate (1% IGST)net taxable supplies under GST. Tax Deducted at Source (TDS) is ...

Beyond IT deductions, buyers must consider GST and TDS. Under-construction homes attract GST, while ready-to-move-in ...

A GST registered firm can claim input tax credit as self-assessed in the return only on a provisional basis. It cannot use such credit. GSTN matches details of input tax credit claimed by the ...

The Ministry said that persons who will be liable to deduct or collect tax at source will be required to take registration, but the liability to deduct or collect tax will arise from the date the ...

With just four days left for the rollout of the Goods and Services Tax (GST), the government has deferred the implementation of TDS and TCS provisions as well as exempted from registration small ...

New Delhi: GST registrations for entities mandated to collect and deduct tax at source will start from 18 September. However, the date from which tax deducted at source (TDS) or tax collected at ...

The GST Council, at its 21st meeting in Hyderabad, decided to open registration of persons liable to deduct TDS and TCS from September 18. (Reuters) GST registrations for entities mandated to collect ...

The date from which tax deducted at source (TDS) or tax collected at source (TCS) will be done will be notified later. Goods and Services Tax (GST) registrations for entities mandated to collect and ...