Good Morning everyone
one of my clients was selling harvester worth of each one more than 16 lakhs. Is new rules which was came to force from 1st October TDS & TCS rules applicable to him?
Menu
about TCS TDS
Replies (3)
Tds Applicability : As per Section 51 CGST , the TDs is applicable on if you are supplying to Govt Concerns , Public Ltd co.
The Recepient is liable to deduct TDS @ 2% if per contract value exceeds 2.5 lac
Applicability of TCS : Only E- commerce Operator is liable to deduct TCS @ 1% from supplier who is supplying on behalf of E-commerce.
The Recepient is liable to deduct TDS @ 2% if per contract value exceeds 2.5 lac
Applicability of TCS : Only E- commerce Operator is liable to deduct TCS @ 1% from supplier who is supplying on behalf of E-commerce.
thanks so much for giving reply
YOU ARE ALWAYS WELCOME DEAR...............................
Recent Topic
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
Related Topics
CAclubindia
