tds amendments

News

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

Provision relating to TDS and TCS in GST postponed to help Ecom companies


With the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51 of the CGST SGST Act 2017 and collection of tax at source under Section 52 of the CGST SGST Act 2017

Addendum to the GST Rate Schedule


ADDENDUM TO THE GST RATE SCHEDULE FOR GOODS As per discussions in the GST Council Meeting held on 3rdJune 2017 The following amendments additions are required to be made to the aforesaid document 1 In Chapter 15 in the 18 rate column the part entry from 1517 relating to edible mixtures of vegetable

15th Meeting of the GST Council to be held on 3rd June


15th Meeting of the GST Council to be held tomorrow 3rd June 2017 Approval of amendments to the draft GST Rules and related forms and Finalisation of the rates of tax and cess on the remaining commodities are on the Agenda among others for tomorrows meeting The Union Minister for Finance Defence and

Addendum to the GST rate schedule for goods


ADDENDUM TO THE GST RATE SCHEDULE FOR GOODS As per discussions in the GST Council Meeting held on 18thMay 2017 I The following amendments additions are required to be made to the aforesaid document 1 In S No 22 i In the Nil rate column the entry Tender coconut water put in unit container and bearing

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Experts Opinions

Salary income not received but tds filed by employer


Dear CAs Would like to seek your expert inputs for the below tax related query of salary earning individual My colleague had quit from his organization without serving the entire notice period of 2 months He worked for 15 days in the notice period His employer has shown salary income of 15 days in F

Tds on gst components of goods


Dear Sir if GST on Goods component has been indicated separately in the invoice then tax would be deducted at source on GST components

Tds on gst


Dear Sir At present regime what was the actual treatment of TDS

Tds applicability in case of real estate dealer


Dear Experts Mr X a real estate property dealer is making MOU between builder Mr Y and him for purchase of Bunglow for consideration amounting to Rs 1 Cr for resale purpose Meanwhile Mr X finds a buyer for Bunglow Mr Z for Rs 3 Cr Now the MOU is being made between X and Y as transfer of Bunglow dire

Tds 194j


Our Company pays 50 of revenue received from YOU TUBE to independent creators of Digital content who supply the same to us Should the payment be treated as Royalty for the purpose of TDS under Section 194J

Discussion

tds on salary

does any employee pays tds if no which are the direct taxes to borne by an employee

Tds on out of pocket expenses

Dear expertsCan you please clarify whether tds needed to be deducted on out of pocket expenses paid to auditors I came to know that there are various tribunal judgements saying that tds needed to be deducted on out of pocket expenses But my stand is it not to be deducted as there is no profit elemen

TDS IN GST

what is the tds in gst

Tds deduction

Whether the indian company has to deduct TDS on insurance premiums paid to insurance companies in india

Is tds applicable on import of e-licenses for hardware if we purchase it from china

Dear all I just want to ask we have one of vendor in china hong kong we have enagged in business transactions sicnce so long usually we purchase from them E Licenses for hardware and sell the same in india now my question is at the time of payment to them there is some issue that there is TDS part o

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File Download

  • TDS Chart A.Y.18-19

    TDS Rate Prov in one chart for A Y 18 19
  • TDS Rates Chart

    Tds Rate chart applicable for Financial Year 2017 18
  • CBDT Circular on Non applicability of TDS on GST component

    The CBDT has clarified in line with service tax no TDS will apply on GST component
  • Circular 23/2017

    No TDS on GST component on services
  • No TDS on GST component of service remuneration clarifies CBDT

    Today the Central Board of Direct Taxes CBDT has issued a Circular No 23 2017 clarifying that wherever in terms of the agreement or contract between the payer and the payee the component of Goods and Services Tax GST on services comprised in the amount payable to a resident is indicated separately tax shall be deducted at source under Chapter XVII B of the Income tax Act 1961 the Act on the amount paid or payable without including such GST on services component GST for these purposes shall include Integrated GST Central GST State GST and Union Territory GST For the purposes of this Circular any reference to service tax in an existing agreement or contract which was entered prior to 1 July 2017 shall be treated as GST on services with respect to the period from 1 July 2017 onward till the expiry of such agreement or contract The CBDT Circular is attached here for your reference Please communicate appropriately to your relevant client group

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Articles

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


Amendments under the head "Capital Gain"


Shifting base year from 1981 to 2001 for computation of capital gains The existing provisions of section 55 provide that for computation of capital gains an assessee shall be allowed deduction for cost of acquisition of the asset and also cost of improvement if any However for computing capital gain


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


MCA issues amendments dated 05th July 2017


In this article we will highlight the recent amendments by Central Government read with section 469 of the Companies Act 2013 18 of 2013 under the following heads issued by Ministry of Corporate Affairs through a notification dated 05th July 2017 a Amendment in Schedule IV of the Companies Act 2013


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


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Updated on : 7/25/2017 11:21:39 PM


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