Webb15 okt. 2024 · Tax Collected at Source (TCS) by an e-Commerce Operator is the tax collected by an E-Commerce Operator while making taxable sales on behalf of other … Webb13 maj 2024 · TDS Rate in GST. The provisions laid in the act reads a rate of 2%, which would be required to be deducted and deposited from the payments made or credited to …
Tds and tcs - SlideShare
Webb8 feb. 2024 · Tax Deducted at Source (TDS) under Goods and Service Tax. Under the GST regime, we have the basic 3 components of taxes. – … Webb30 mars 2024 · A person who deducts TDS is responsible for the below: ... (PAN). Likewise, Section 206CCA is on TCS and was inserted after section 206CC of the IT Act, with the … thirsty fest denver
Delay in TDS remit shall not attract penalty, rules Supreme Court
Webb10 apr. 2024 · Listen to This Article. The Supreme Court (SC) on Monday held that the delay in remitting tax deducted at source (TDS) by assessees is not liable for penalty. It stated the revenue department should adopt a literal interpretation of the penal provision. While allowing the assessee to appeal against the Kerala High Court (HC) judgment on the ... Webb11 apr. 2024 · The TCS rates mentioned above, i.e. 0.1% and 1% has been reduced to 0.075% and 0.75% respectively for the period up to 31 March 2024. Other Pointers: The tax collected as TCS will be exclusive of GST. In case the buyer deducts tax as TDS on the goods, the TCS provisions will not be applicable. Webb13 apr. 2024 · However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) shall not use this form. ITR-6 Form. Companies that are not claiming exemption under section 11 (Income from property held for charitable or religious purposes) are required to file their return electronically only. thirsty fellow delivery