tds amendments

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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

Tds on under constrcution property.


Dear Sir Madam I am well aware of the TDS application from 1st June 2013 over cost of more than 50lakhs I also been paying 1 TDS on each installment on each construction progress The clarification I request is that whether the TDS amount should be 1 of the installment amount for e g if the installme

TDS


Hello If we are doing the remittance for the purpose of paying the participation fees for workshop in USD then do we require to deduct TDS on such remittance Thanking you

journal entry for tds


my company paying monthly rent of 55000 after tds 49500 through bank TDS for the same is paid by HO and the amount is paid to HO from my office by cash what is the exact journal entry for payable and payment

Gst/tds filing


We are a small partnership consulting firm engaged in export import industry I am looking for a trustworthy reliable company which can handle the following for us 1 GST Registration and filing of regular returns 2 TDS registration and filing of regular returns 3 Change of PAN in our IEC 4 Trademark

Tds on packing & forwarding charges for material supply


Dear Sir We are purchasing Material and Supplier charges packing Forwarding Freight charges on material cost Is TDS applicable on Packing Forwarding charges if yes then under 194 C and TDS on freight Pls comment

Discussion

AMENDMENTS

FRIENDS AMENDMENTS HAD BEEN OPENED IN GST SERVER KINDLY INTIMATE THE DETAILS

Applicability of TDS provisions

Limit u s 44AB is Rs 1 cr and u s 44AD is Rs 2 cr which section makes it compulsory to deduct TDS and what is the limit beyond which responsibility to deduct and pay TDS arises

Applicability of TDS Provisions

Limit u s 44AB is Rs 1 cr and u s 44AD is Rs 2 cr which section makes it compulsory to deduct TDS and what is the limit beyond which responsibility to deduct and pay TDS arises

Amendments in GST Registration

I want to change Address of Principle Place of Business but in Amendment Section it is not editable How can I Change

First beneficiary of unclaimed tds.

If the assesse does not have any tax liablility and forgets to claim TDS in a particular year where he is not able to revise his return Who is the first beneficiary of this TDS a Govt IT dept b deductor or c assesse has some claim

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File Download

  • Income Tax Act 2058 (TDS)

    tds
  • Insolvency and Bankruptcy Code, 2016-A Section wise Overview

    The IBC 2016 comprises total 255 sections classified into five parts and eleven schedules Part I of the Code provides preliminary providing short title scope and commencement of the Code applicability and definitions Part II of the Code provides insolvency and liquidation procedure for Corporate Persons However Part III of the Code provides insolvency and liquidation procedure for individual and partnership firms Part IV provides provisions for Insolvency Professionals agencies and Information Utilities and Part V are miscellaneous provisions Furthermore schedules of the code provides amendments in eleven Acts pertaining to the insolvency procedures
  • TDS Rate Chart for AY 18-19

    TDS RATE CHART FOR F Y 17 18
  • CA Final Audit Amendments for Nov 2017 Exams

    CA Final AUDIT Amendment for Nov 2017 Exams
  • 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

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Articles

Real Estate Development Agreements, Share Valuation & Charitable Trusts : Recent Tax Amendments


1 Taxation of Capital Asset under Development Agreement with Builder 1 1 In recent past it has quite been a trend that individual plot house owners enter into some development agreement with builders whereby in a typical agreement the builder demolish the old house and constructs a new multistory bu


Latest updates and amendments in GST


Detailed procedure to be followed for generation of E way bill and Information to be furnished prior to commencement of movement of goods has been notified by the Central Government The Central Government the Government vide Notification No 27 2017 Central tax dated August 30 2017 has substituted Ru


All about GSTR 3B with latest amendments


GSTR 3B Linking it withGST TRAN 1 Related Sections Section 39 of CGST Act 2017 Section 49 of CGST Act 2017 Section 54 of CGST Act 2017 Section 140 of CGST Act 2017 Related Rules RULE 61 FORM GSTR 3 3B RULE 96 Rule 117 of CGST Rules Related Notifications 10 2017 CT Introduction of Rule 61 and GSTR 3


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


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Updated on : 9/18/2017 9:09:10 AM



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