TCS on GST
sir,if supplier raise tax invoice after charge IGST 5% and TCS .0075% whether recipient deduct TDS from this tax invoice or pay whole amount please reply me
Replies (1)
TDS under GST only applies to specific government-related entities when contract values exceed ₹2.5 lakhs; it is calculated on the taxable value excluding GST. If you are not such an entity, you do not deduct TDS. TCS is a separate compliance burden for e-commerce operators and does not affect your obligation to pay the full invoice amount unless you are legally mandated to act as a TDS deductor.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
