tds exemption


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

Exemptions granted from the levy of GST in respect of Passengers travelling in Second class, Metro, Sleeper Class

style2 text align justify style3 text decoration none Ministry of Railways is fully geared for the roll out of GST w e f 1st July 2017 Exemptions granted from the levy of GST in respect of Passengers travelling in Second class Metro Sleeper Class Exemption from levy of GST granted in respect of Tran

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

Decisions in regard to Services taken by the GST Council in the 16th meeting held on 11th June 2017

Decisions in regard to Services taken by the GST Council in the 16th meeting held on 11th of June 2017 1 In the list of service tax exemptions to be continued in GST as approved by the GST Council after S No 83 the following shall be inserted Sl No Proposal request 84 Pure services excluding works c

IGST Exemptions approved by the GST Council

IGST Exemption under GST As per discussions in the 16thGST Council Meeting held on 11thJune 2017 I Bilateral Commitments Imports under Agreement between India and Pakistan Bangladesh for regulation of Bus Service SNo Notification Gist of the notification 1 No 4 99 Customs dated 08 01 1999 1 Passenge

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Experts Opinions


I have received two bills from a regd professional One for prof chgs where gst is charged Another for reimb of expenses Rs 1250 where gst is not charged Is the second bill is exempted from paying GST or I have to pay GST on RCM

Bank deducted tds on nre fixed deposits by mistake

I came to know on 17th July 2017 that there was TDS deducted at the rate of 20 from TDS s certificates for the FY 2015 2016 Rs 46k and FY 2016 2017 Rs 20k total to Rs 66k for my NRE fixed deposit alrady matured in August 16 I am requesting the bank to reimburse my TDS deducted by mistake on income I

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

Gst exemption

Dear Sir School bus services provided to educational institution is exempt from GST However in case where school appoints bus service provider and bus service provider bills to the end customer and not to educational institution then exemption would be available Regards


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


rcm exemption from gst on shop rent

sir me Rs 4500 pm shop rent pay krta hu to kya mujhe rcm ke under gst pay krna padega aur agar nhi to sir kitne amount ke rent pr mujhe rcm ke under gst on shop rent pay nhi krna

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

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

Tax exemption for group insurance

My son is in armed forces monthly group insurance premium is deducted from his salary Can he claim tax deduction and under what section and extend thereof Thanks

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  • 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
  • Mega Exemptions at one place

  • Taxation of Import of Services in GST

    My presentation with example covering reverse charge notification exemption list
  • Full TDS descriptive rate Chart

    TDS Rate chart having rates for residents as well as non residents
  • TDS Chart A.Y.18-19

    TDS Rate Prov in one chart for A Y 18 19

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GST Exemption - Brief Understanding & Common Errors

It is essential for the government to issue certain exemptions and concessions considering the need of the economy and public policy for supporting certain initiatives and tax some highly to make up the revenues Tax exemptions and concessions have been used as an instrument of fiscal policy to stimu

Huge impact of Exemption under Service Tax not continued in GST

There could be a number of service providers who are not updated on the GST law Some maybe hearing rumours that many changes are expected However 1 month has passed Those service providers who were enjoying the exemption would be in shock if they continue not to collect the GST applicable normally a

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

Classification & Exemption under GST- Improvements Sought

Classification of a product means ascertaining the tariff heading sub heading under which the product service is to be categorised This is important for determining the tax structure on its supply and also examining the exemptions available if any In past few years the importance of classification i

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

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Updated on : 8/21/2017 4:00:18 AM


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