Post Certificate of commencement process for business

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riddhi nathwani

riddhi nathwani (Querist)
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24 November 2022 Aradsgnhakshbekdjxnkdkdjjxjxkx

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 November 2022 Yes, but before that some other formalities like obtaining PAN, TAN, GST registrations etc. need to be completed.

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riddhi nathwani

riddhi nathwani (Querist)
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24 November 2022 All the suggested process are done except GST registration. so is it possible to make payments without GSTIN number? Thank you for your reply.

riddhi nathwani

riddhi nathwani (Querist)
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24 November 2022 Fahnendodndjkxjdnddkdodbfnkxkxjxnnxkcoc

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 November 2022 Verbal contract will not hold its authenticity. Any contract in writing will hold good. In that case Indian company will require to pay taxes at the time of its service output. Meanwhile, if any payments made to contractors or other service providers, TDS liability will arise.

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riddhi nathwani

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24 November 2022 Gdmornfjfkfjkdjdbmdkcnxnkdlldbfnfmfklccnnf

riddhi nathwani

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24 November 2022 Godjdbfmkfkxkxlxlndbdkdljebdjjdbdjxjxkx

Dhirajlal Rambhia

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24 November 2022 Actually, Tax invoice for any supply, while payment receipt can be advance (or even loan) also.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 November 2022 Tax liability arises for any supply of goods or services.
If Indian company supplies service to Foreign company, tax liability will arise on Indian company.
TDS liability arises as an when any payment given to suppliers of goods or services. e.g. if Indian company hires contractor or professionals or pay salary etc. TDS liability will arise over it.

riddhi nathwani

riddhi nathwani (Querist)
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24 November 2022 Thank you for your quickest reply.. It helped me a lot

riddhi nathwani

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24 November 2022 Fodor rkfkff nflclf folclore f fmflmf fllclfbd kdkdl

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 November 2022 If Indian company is receiving any services from Foreign company, while making payment to that company TDS u/s. 195 of IT act will be applicable.

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