section 195 tds


Extension of due date of GST returns

To be published in the Gazette of India Extraordinary Part II Section 3 Sub section i Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No 20 2017 Central Tax New Delhi 08th August 2017 G S R E In exercise of the powers conferred by the su

Relevant part of MAT-Ind AS Committee Report

Relevant part of MAT Ind AS Committee Report dated 17th June 2017 containing recommendations regarding amendment to the provisions of the section 115JB of the Income tax Act 1961 in respect of Ind AS Compliant Companies Under Ind AS there are certain transactions with shareholders related parties wh

GST not to be added for TDS computation : CBDT

F No 275 59 2012 IT B Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block New Delhi Circular No 23 2017 Dated 19th July 2017 Subject Modification of Circular No 1 of 2014 in view of substitution of Service Tax by Goods and Services Tax GST The Cent

Intermediate Announcement for May 2018 old and new syllabus

Sub GST BE EXAMINED IN SECTION B INDIRECT TAXES OF PAPER 4 TAXATION IN MAY 2018 INTERMEDIATE IPC EXAMINATION UNDER OLD SCHEME OF EDUCATION AND TRAINING As has already been announced students appearing in November 2017 IIPC examination would not be examined on Goods and Services Tax GST in Section B

Announcement for Students appearing in November 2017 CA Final Examination

Important Announcement for Final Course students in Paper 4 Corporate and Allied Laws for November 2017 examination Impact of enforcement of the Insolvency and Bankruptcy Code 2016 on the sections to the Companies Act 2013 This is to bring to the notice of the students that with the enforcement of t

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Experts Opinions

Tds payment

Dear Sir Can Last year F Y 2016 17 TDS Payable amount can be paid in the current year 2017 18 can be able to claim by the other party for whom it is receivable Please help me in this issue


Are we liable to deduct TDS on payment of professional fee paid to a foreigner for providing service in india

Bill booking for tds

We have hired a godown for rent from 20 7 17 to 19 8 17 He has submitted the bill on 19 8 17 Should the bill be booked in July 17 or Aug 17

Section 40 a (3)


Tnvat - wct tds

We have received JUN month bills Prior to GST regime in the current month for processing kindly clarify whether we have to deduct WCT TDS under TNVAT Act and remit to the TNVAT dept


Advance payment of tds

We are an association I would like to know if we can pay advance payment of Tax Deduction to Government Is there any provision to adjust against the actual deductions I am trying to avoid the late payment that we need to pay due to misses in the deadline of 7th of the month I can plan to pay some am

TDS Chart F.Y. 17-18

Please Send TDS rate Chart for F Y 17 18Please send Excel file or Link I Can Download please send fast mo 9978978514

about section 44AD ITR4S

how many consecutive years i can file return in itr4s u s44ad

Tds & TCS criteria in Gst

In which condition tds and tcs will be deducted in Gst What should be impact of tds and tcs in Gstr 1 2 3 3b etc What will be the impact of gst in tds and tcs return

Section 145A

Practical application of section 145A as it requires to include all taxes in purchase sale nd stock whether any impact on computation

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  • GST Computation Sheet

    This excel sheet is useful for calculation of actual GST payable refund Users can use it on monthly basis as well
  • Updated Details Collection Excel for GST Return GSTR-3B

    As everybody is aware the GST Returns for every month needs to be filed by 20th of subsequent month As the regular outward and inward annexures and return GSTR 3 are not yet made available for the months of July and August 2017 a summary return in Form GSTR 3B needs to be filed before 20th of next month An excel sheet for obtaining the details required to fill the GSTR 3B is prepared as the GSTR 3B needs to be prepared and submitted online only as offline utility is not provided yet Basic features of the excel sheet are as follows 1 The details need to be entered in the yellow colored cells only 2 If any incorrect information is entered in the cell the contents of the cells appears in red color Please correct the same to get proper working 3 While entering the details of outward supplies and inward supplies in Table 3 1 select the proper nature of supplies from the drop down wherever it is provided 4 The Integrated Tax Central Tax and State UT Tax is calculated automatically depending on the figures entered under Inter State or Intra State columns and the Rate selected from drop down 5 Cess needs to be entered manually 6 Table 3 2 contains details of state wise inter state supplies to unregistered dealers composition dealers and UIN holders Select the Nature of inter state supplies and state from drop down 7 In Table 3 2 Total taxable value and integrated tax should be less than the taxable inter state supplies and integrated tax shown in Table 3 1 above 8 Details of ITC available ITC reversed and Ineligible ITC needs to be given in Table 4 The description mentioned in yellow cells is given for reference only and can be changed as appropriate in respective case 9 Tax payable in Table 6 1 is auto calculated and arrived by adding the tax payable as per Table 3 1 and deducting the net ITC available and adding ineligible ITC as shown in Table 4 10 The Tax payable figures in Table 6 1 appears in red color if there is net tax payable after adjusting payment through ITC TDS TCS and payment in cash 11 Similarly The Tax payable figures in Table 6 1 appears in red color if interest and late fee payable is greater than the tax paid in cash as the same needs to be paid by cash and can not be paid through ITC 12 The TDS and TCS credit is not applicable at present as the said provisions are not made applicable presently till further instructions
  • 44AB & 44AD AY 2016-17 & 2017-18 Clause by Clause Comparison

    Section 44 AD 44AB comparison between AY 2016 17 2017 18
  • GST Invoice

    GST invoice in excel
  • Heads of Income - All Sections

    Heads of Income A Complete Revision Assessment year 2017 2018

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Critical analysis of the amendment relating to section 132 of IT Act

Introduction Finance Act 2017 had inculcated within it many promises for the welfare of public but certainly amendment to section 132 of the Income Tax Act 1961 negates that assertion It had been proposed by the Finance Act 2017 that the requirement in relation to reason to believe or reason to Susp

No TDS on GST when it is Shown Separately in the Invoice

Central Board of Direct Taxes CBDT had issued Circular No 1 2014 dated 13 01 2014 wherein it was clarified that TDS under Chapter XVIl B of the Income Tax Act 1961had to be deducted on the amount paid or payable without including Service Tax component ifservice tax component comprised in the amount

TDS under GST

Tax Deduction at Source is a system in which as soon as you earn you have to pay certain percentage of the amount being deducted by the recipient at the time of making payment to the supplier It helps in ensuring regular cash inflow to government The tax would be deducted 1 of the payment made to th

TDS under GST

Tax Deduction at Source TDS is a system initially introduced by the Income Tax Department It is one of the modes methods to collect tax under which certain percentage of amount is deducted by a recipient at the time of making payment to the supplier It is similar to pay as you earn scheme also known

Section 9 of CGST Act, 2017: Levy and Collection (Reverse Charge)

Once again I am very grateful for such a positive feedback on my Second Article Section 9 of CGST Act 2017 Levy and Collection Friends in my Second Article I have discussed first part of Section 9 Levy Collection in case of Normal Charge Today we will discuss Section 9 Levy Collection in case of Rev

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Updated on : 8/20/2017 11:08:30 AM


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