Goods and Services Tax : Understand tax implications on rental income: TDS on rent under Income Tax Act, GST on rent, rate of deduction, exemptions, and In...
Goods and Services Tax : Explore the TDS provision under GST as of 31st Oct 2023. Learn about regulations, implications, and recent updates. Ensure complia...
Goods and Services Tax : Tax Deducted at Source (TDS) is one of the ways to collect tax based on certain percentages on the amount payable by the receiver ...
Goods and Services Tax : Article explains Whether TDS under section 51 of CGST Act, 2017 is required to be deducted from supplier who is a unregister...
Goods and Services Tax : This article summarises one of the crucial points under GST i.e. GST TDS and its refund related parameters that are required to be...
Goods and Services Tax : In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under Goods & Services Tax (GST) ...
Goods and Services Tax : Jharkhand High Court held that denying migration of unadjusted TDS amount under JVAT Act (Jharkhand Value Added Tax Act) to JGST (...
Goods and Services Tax : AAAR hold that the impugned services of the renting out of immovable properties provided by the Appellant to the Social Justice De...
Goods and Services Tax : TDS is not required to be deducted on payment made to the supplier of taxable goods or services or both, only when the value of su...
Goods and Services Tax : In re Vinayak Singh (GST AAR West Bengal) GST not payable on supply of services of lifting/ removing of garbage accumulated from v...
Goods and Services Tax : In re Uttarakhand Purv Sainik Kalyan Nigam Ltd. (GST AAR Uttarakhand) On perusal of legal provisions of Section 51 of CGST Act, 2...
Goods and Services Tax : In order to comply with the provisions of the said Act for the purpose of TDS, the following steps are required to be taken by the...
Goods and Services Tax : Extension in dates of various GST Compliances for GST Taxpayers Government has extended the dates of various compliances by Taxpay...
Understand tax implications on rental income: TDS on rent under Income Tax Act, GST on rent, rate of deduction, exemptions, and Input Tax Credit (ITC) for tenants.
Explore the TDS provision under GST as of 31st Oct 2023. Learn about regulations, implications, and recent updates. Ensure compliance for smooth transactions.
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.
Jharkhand High Court held that denying migration of unadjusted TDS amount under JVAT Act (Jharkhand Value Added Tax Act) to JGST (Jharkhand Goods and Services Tax Act, 2017) is not sustainable in the eye of law.
In order to comply with the provisions of the said Act for the purpose of TDS, the following steps are required to be taken by the DDOs: A. Registration as Tax Deductors in the GST common portal. B. Deduction of TDS amount as per the provisions from the bills to be paid to the suppliers/deductees. C. Deposit the TDS amount in to appropriate Government account(s). D. File tax Returns for TDS within the prescribed time limit.
Article explains Whether TDS under section 51 of CGST Act, 2017 is required to be deducted from supplier who is a unregistered person.
This article summarises one of the crucial points under GST i.e. GST TDS and its refund related parameters that are required to be followed by the parties engaged in these types of transactions.
AAAR hold that the impugned services of the renting out of immovable properties provided by the Appellant to the Social Justice Department of the Government of Maharashtra will be exempt form the levy of GST in terms of Sl. No. 3 of the Notification No. 12/2017-C.T (Rate) dated 28.06.2017
TDS is not required to be deducted on payment made to the supplier of taxable goods or services or both, only when the value of such supply under a contract does not exceeds Rs. 2.5 Lakhs.
In this article, we are depicting some of the key parameters which can help E-commerce sellers or anyone planning to start their E-commerce business to assess / step-up their compliance processes:
