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

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

Unique pin code allotted to CPC Bangalore for submission of ITR V

A unique PINCODE 560500 has been allotted to Centralized Processing Centre CPC Income Tax Department located in Bengaluru by the Department of Post Taxpayers can henceforth address their mails to Centralized Processing Center Income Tax Department Bengaluru 560500 for the purpose of submission of IT

New TDS RPU and FUV utility released

New versions of e TDS TCS Return Preparation Utility RPU and File Validation Utilities FVUs are applicable from February 23 2017 onwards and available at https www tin nsdl com etds etcs eTDS download regular php 1 RPU Version 1 9 Java based For preparing and validating e TDS TCS Statement s and als

Strengthening of PAN quoting mechanism in the TCS regime

Statuary provisions for deduction of tax at source TDS at higher rate of 20 or the applicable rate whichever is higher in case of non quoting of Permanent Account Number PAN is provided under section 206AA of the Act and it exist since April 2010 PAN acts as a common thread for linking the informati

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43 is applicable on tds or not..??

I have a query regarding tds whether section 43b covers TDS or not

Tds deducted by bank on deposits with minor pan number

up to last year minor income is clubbed with parents income while filing IT returns this year pan number is applied for minor and TDS is deducted on fixed deposit by Bank on minors PAN number now please suggest how to file IT returns Can we club the minors income with parents income then how to clai

How to claim minor tds which is deducted by bank on deposit

Minor having PAN number Can we show Minor TDS deducted by bank on Deposit while filing the parents returns along with income OR File the Minor returns seperately please give clarification on claiming of minor TDS returns


TDS was not deducted in P Y 16 17 but was deducted and paid on 31 May 2017 Is the expenditure allowable in P Y 16 17 Pls provide answer as per Section 40 a i of the Income Tax Act Thanx


TDS was not deductes in P Y 16 17 but was deducted and paid on 31 May 2017 Is the expenditure allowed in P Y 16 17 Pls provide answer as per Section 40 a i of the Income Tax Act Thanx


Tds on hpusing rent

i am an individual paying rent more than 50000 per month on housing property i need following clarity i am not claiming expenses in business putting the same in drawings still i am into tax audit 1 i need to understand from april i have to deduct tax or from july or october 2 rate is 5 percent or 10

Wrong Deposit of TDS

I had wrongly deposited TDS on Salary for September month u s 194J instead of Sec 192 What is the remedy available in this case as TDS quarterly returns are different for both the sections


Is there any TDS under GST for supply of material goods and contract works supply of services engaging out source services hiring of vehicles erection and commissioning works etc if it is available the following may please be clarified 1 What are the TDS rate and where and when it is payable 2 How t

Tds journal entry on FD interest

Plz suggest correct journal entry on TDS on Interest from Bank FD

TDS Sec 40(a)(i)

TDS not deducted in the P Y 16 17 but it was deducted and deposited on 31 May 2017 Is the expenditure allowed in the P Y 16 17 Pls give answer as per Sec 40 a i of Income Tax Act

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Applicability of TDS provision on Govt departments

It is common practice that TDS authorities impose penalty on government departments for not filing TDS return u s 200 3 of IT Act In this article an attempt has been made to analyze the provision whether this section is applicable to government departments 1 Section 272A is not applicable to Governm

CBEC issues notification for TDS applicability, registration exemption and GSTR-3B due dates

Government has issued following latest Notifications in respect of TDS applicability exemption from taking registration and notifying due dates for filing of GSTR 3B The summary of the said Notifications is stated below Notification No 32 2017 Central Tax dated 15th September 2017 Notification No 08

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

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

TDS under GST

Tax Deduction at Source TDS is a system initially introduced by the Income Tax Department It is one of the modes methods to collect tax under which certain percentage of amount is deducted by a recipient at the time of making payment to the supplier It is similar to pay as you earn scheme also known

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Updated on : 10/16/2017 7:27:12 PM

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