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TDS UNDER GST
Booked flat for Rs 24 lakh in 2010, paid Rs 40 lakh over time, still no possession in 2026; homebuyers awarded full refund and Rs 2.5 lakh compensation eachThe case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noi...
Choosing a crypto exchange in India? Read this firstWith fees, security and ease of use all up for scrutiny, WazirX makes a strong case for being the everyday trader’s go-to platform in India...
Parliamentary panel expresses concern over investments in cryptocurrenciesA parliamentary panel has expressed alarm over thousands of crores invested in virtual digital assets. The committee is studying global app...
Will TDS be deducted on real estate brokerage paid to an individual broker?ET Wealth Reader's Query: Is TDS applicable on brokerage paid by an individual seller to an individual real estate broker? If yes, how shou...
60 TDS rules with 10 TDS rates make life difficult for taxpayers: Can Budget 2025 cut TDS rates to 3?Budget 2025: The Union Budget 2025 presents a crucial opportunity to streamline and simplify TDS and TCS rules, enhancing clarity, reducing...
No late fees for filing GSTR-7 after deadline; Here’s why these taxpayers still need to file it to avoid serious consequencesGSTR-7 due date: New advisory by GSTN says even if the due date for filing GSTR-7 is missed, taxpayers filing a 'Nil' GSTR-7 return will no...
Deadline for filing GSTR-7 is December 10, 2024 for these GST registered taxpayers even if TDS was not deductedGST return: Now you need to file GSTR-7 even if no TDS (tax deducted at source) was deducted. "GSTR-7 return is to be filed in chronologica...
Taxation for freelancers: Tax liability, exemptions, ITR filing for freelancersGig workers are subject to the same income tax laws and regulations that apply to self-employed individuals.
CBDT: TDS applicable on buyer-seller transactions above Rs 50 lakh from July 1, 2021The Board has clarified that threshold of Rs 50 lakh for triggering TDS shall be computed from April 1, 2021 and GST component will have to...
Simplifying tax regulations could improve India’s rank in Ease of Doing Business indexAs per the research report by Deloitte, India’s overall ranking gets pulled down due to lower score in taxes department. The country could ...
Doing biz with govt: TDS system helps taxmen detect Rs 10 crore GST evasion in KarnatakaCommercial Taxes Commissioner M.S.Srikar, in a press release, said these registered dealers owe about Rs 10 crore in taxes.
Govt extends deadline for filing TDS returns for Oct-Dec to Jan 2019The TDS provisions under the goods and services tax (GST) were brought into effect from October 1, 2018.
E commerce companies set to collect tax from sellersThe tax deducted at source (TDS) and tax collected at source (TCS) provisions under the goods and services tax (GST) have been notified to ...
TDS/TCS provisions under GST to come into effect from October 1E-commerce companies will now be required to collect up to 1 per cent TCS while making any payment to suppliers under the Goods and Service...
GST provisions on TDS/TCS, reverse charge mechanism deferred by 3 monthsThe GST Council had suspended the provision for deduction of TDS and collection of TCS, as well as implementation of reverse charge mechani...
E-commerce companies may need to prepare for withholding tax in two monthsThe tax deducted at source (TDS) and tax collected at source (TCS) provisions had been put on hold following petitions by industry that thi...
CBDT: GST not to be added for TDS computationThe CBDT is continuing with the earlier stand in case of service tax, where the amount payable was not grossed up with the service tax comp...