2 Replies
Harihar Mandal
(CA)
(504 Points)
Replied 26 September 2018
As per the provisions of TDS/TCS under GST, the persons as notified are required to deduct TDS/TCS befor making payment to service provider.
TCS:it is applicable on E-Commerce Operators.
TDS: It is applicable on:
1. Department or establishment of CG or SG;
2. Local Authority
3.. Government Agencies
4. any board or authority set up by an Act of Parliament or State Legislature;
5. Society established by CG/SG uner Society Registration Act
6. PSU.
Rate: TDS is to be deducted 1% each for CGST and SGST and 2% for IGST. TCS is at 0.5% each for CGST and SGST and 1% for IGST.
subhagan sreerangam
(7059 Points)
Replied 26 September 2018
Recent Topics
- Error in jason file itr 3 pls guide
- Clarification on Applicability of RCM for IT Consu
- Fuel Your Success Story with Quick and Economical
- How to Manage Funds Effectively: A Guide for Indiv
- Regarding digital signature on sale bill invoice
- ITR2 Excel Utility - Issue in Schedule CG
- IT Slab for FY 2024-25 for salaried employees
- Input Tax Credit on RCM Paid for Transportation of
- Loan from father
- Changing regime from Form 16 issue regime while fi
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
