TDS and TCS under GST TDS and TCS provisions will be applicable under GST will be applicable from 1st October, 2018 with TCS rates declared at 1% of net taxable supplies.

By |2019-02-28T11:02:15+00:00September 24th, 2018|Categories: TCS, TDS, TDS Laws, TDS Rates|Tags: , , , |

The Central Board of Indirect Taxation and Customs (CBIC) announced TDS and TCS under GST to be applicable from the 1st of July, 2018. However, as a measure to give a relaxation period, CBIC extended the date to 1st October 2018. The board also declared the tax rates for net supplies. Read on to find out. [...]

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Tax Deducted at Source (TDS) TDS or Tax Deducted at Source is basically a method of collection of taxes at the source of income.

By |2020-09-14T12:27:27+00:00June 10th, 2017|Categories: Basic TDS, TDS|Tags: , , , , , , , , , , , , , , , , , , , |

What is TDS? TDS or Tax Deducted at Source is a method of collection of tax at the source of the income. The rules regulating the way in which tax deducted at source is levied and calculated in India has been specified in the Income Tax Act, 1961. The concept of this tax goes as follows: Anyone [...]