Should OPC pay quarterly company tax and gst ? Or yearly ?

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142 Points Posted on 11 May 2021

1. Should OPC pay quarterly company tax and gst ? Or yearly ?

2. Should there be TDS of director salary ?

Thanks :)

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On 11 May 2021 at 11:46 Report
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Quick Summary
This discussion clarifies the payment frequency for company tax and GST for One Person Companies (OPCs). It's confirmed that OPCs generally pay company tax and GST yearly, not quarterly. The conversation also touches upon the deduction of Tax Deducted at Source (TDS) on director salaries and notes that GST returns are typically filed quarterly.

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4 Points Posted on 11 May 2021
Opc need not pay quaterly.... it has to pay yearly
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On 11 May 2021 at 12:19
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Chartered Accountant
24588 Points Posted on 11 May 2021
Pay GST yearly.

TDS should be deducted
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On 11 May 2021 at 12:26
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142 Points Posted on 11 May 2021
Originally posted by : sreedivya k
Opc need not pay quaterly.... it has to pay yearly

How about returns ? File yearly or quarterly ? Thanks :)

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On 11 May 2021 at 12:34
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Chartered Accountant
24588 Points Posted on 12 May 2021
Quarterly
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On 12 May 2021 at 22:17
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4 Points Posted on 13 May 2021
Did it changed recently...?
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On 13 May 2021 at 07:12

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