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Section 194O- TDS on payment by e-commerce operator to e-commerce participant
TDS u/s 194-O is to be paid by an e-commerce operator for sale of goods or provision of service facilitated by it through electronic facility or platform. TDS u/s 194O is paid @ 1% at the time of credit of amount of sale or service or both to the account of e-commerce participant or at the time of payment thereof to such participant by any mode, whichever is earlier.
TDS Impact on E-Commerce Transactions
Finance Bill, 2020 proposed to Insert sec 194-O, where E-commerce Operator ("Operator") liable to deduct TDS from payment made to E-commerce participant ("Participant") in respect of sale of goods or services or both facilitated by operator through its digital or electronic platform, at rate of 1%, at time of credit or payment w. e. earlier.
TDS Section 194O | TDS on e-commerce operator
TDS Section 194O | TDS on e-commerce operator
Responding to ITC Alerts: Rule 88D
After notification No. S.No.851 [No.38/2023-Central Tax] Dated August 4, 2023, CGST Rule 88D was amended and a mechanism was outlined for system-based notification in the cases where the excess ITC claimed in GSTR-3B was compared to that shown in GSTR-2B.
Know How to Surrender or Cancel Your TAN Number
Here we will delve into the procedure of surrendering a TAN number online and understand how to cancel a TAN application.
Big reminder from Income Tax department
Income Tax Department has issued reminder for taxpayers and the same has also been shared on X (formerly Twitter).
All About Form 10BD under Income Tax Act
29 May 2024
1079 Views
Finance Act 2021 introduced an amendment where the trusts had to file a statement of donations received in each financial year as per section 80G(5)(viii) and as per section 35(1A)(i).
How Can I Apply for a Voter ID Card for the First Time?
Voter ID card is an identification document issued by the Election Commission of India to eligible citizens, allowing them to vote in elections. Check out how to Apply for a Voter ID Card if you are applying for the first time?
General Provident Fund (GPF): Is GPF better than EPF?
GPF is a provident fund scheme that refers to government employees. Check out whether GPF is better than EPF?
Illness: A Genuine Cause for Relief in Indian GST
This article explores the judicial wisdom and statutory provisions that address this issue. We will delve into specific cases where courts have provided relief due to illness and analyze the constitutional aspects that may be applicable.
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