tds exemption

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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

Exemptions granted from the levy of GST in respect of Passengers travelling in Second class, Metro, Sleeper Class


style2 text align justify style3 text decoration none Ministry of Railways is fully geared for the roll out of GST w e f 1st July 2017 Exemptions granted from the levy of GST in respect of Passengers travelling in Second class Metro Sleeper Class Exemption from levy of GST granted in respect of Tran

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

Decisions in regard to Services taken by the GST Council in the 16th meeting held on 11th June 2017


Decisions in regard to Services taken by the GST Council in the 16th meeting held on 11th of June 2017 1 In the list of service tax exemptions to be continued in GST as approved by the GST Council after S No 83 the following shall be inserted Sl No Proposal request 84 Pure services excluding works c

IGST Exemptions approved by the GST Council


IGST Exemption under GST As per discussions in the 16thGST Council Meeting held on 11thJune 2017 I Bilateral Commitments Imports under Agreement between India and Pakistan Bangladesh for regulation of Bus Service SNo Notification Gist of the notification 1 No 4 99 Customs dated 08 01 1999 1 Passenge

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Experts Opinions

Tds - urgent


If we do painting work in office which costs 60k then do we need to deduct tds on contract He is not GST registered If we put wallpapers then

tds


exp incurred rs 800000 and booked via entry exp dr rs 800000 To creditor rs 800000 and payment made rs 500000 inclusive of rs 10000 as TDS and keep liability of rs 300000 my query is that on what amount TDS would be applicable since TDS has not booked at the time of booking creditor can company dedu

Claiming exemption under section 10(23c)(iiiad)


Sir my client is a private school registered as a education society and he also have certificate from district registrar certifying that not for profit In FY TURNOVER 2015 16 WAS 97laks In FY TURNOVER 2016 17 was 1 5cr Whether tax audit applicable to education society For 15 16 shall I directly clai

43 is applicable on tds or not..??


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

Carry forwarding of exemption


Got exemption in one subject in May 2017 CA Final exams For Nov 2017 also applied for examination and indicated about exemption in application form now my query if do not attended in Nov 2017 exams can exemption will carry forward to May 2018 Nov 2018 exams

Discussion

Tds refund

One of my clients received a claim motor vehicle accident insurance from Insurance company in December 2015 The company deducted tax at 20 rate as PAN number was not available with the company and the company also didnt ask for the same 26AS didnt show such TDS as no PAN was provided Only a few days

Tds provision on foreign transaction

TOPIC X Co is a govt organization in which YCompany Chinese Company is the lead bidder YCompany will provide some cloud software services to X Co To execute this service YCompany is subcontracting with some 3 4 Indian companies to provide services like Mapower service Telecom Service some other soft

tds income tax

if co operative bank paid interest on deposits to co operative society then is it liable to tds us 194a

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

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Articles

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


GST Exemption - Brief Understanding & Common Errors


It is essential for the government to issue certain exemptions and concessions considering the need of the economy and public policy for supporting certain initiatives and tax some highly to make up the revenues Tax exemptions and concessions have been used as an instrument of fiscal policy to stimu


Huge impact of Exemption under Service Tax not continued in GST


There could be a number of service providers who are not updated on the GST law Some maybe hearing rumours that many changes are expected However 1 month has passed Those service providers who were enjoying the exemption would be in shock if they continue not to collect the GST applicable normally a


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


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Updated on : 10/17/2017 2:23:10 PM



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