Tax Deducted at Source (TDS) is one of the ways to collect tax based on certain percentages on the amount payable by the receiver on goods/services. The collected tax is a revenue for the government. The provision pertaining to TDS under GST is given under Section 51 of the CGST Act to be read with CGST Rule 66.
The applicant is already having the registration in the State of Telangana with GSTIN: 36AAACE5313K1ZS which will cover all taxable transactions. So there is no need to obtain registration in the state in which goods are imported if the said goods are directly sold from the port of importation to the customers located across different states in India.
Understanding GST payable on composite supply of work contract involving earth work in Maharashtra. Get insights from the Maharashtra AAR ruling.
Understanding the impact of GST on ready-to-eat popcorn sold in retail packages. Learn about the classification and taxation of this popular snack.
CBIC Exempts Cotton From Customs Duty & AICD Till 30 September, 2022 CBIC prescribes BCD and AIDC on Raw Cotton for a specified period vide Notification No. 21/2022-Customs | Dated: 13th April, 2022 Currently, cotton imports are subject to a 5% basic customs tax with an additional 5% levied as the Agriculture Infrastructure Development Cess (AIDC). […]
