25% Reduction in TDS/ TCS Rates from 14th May 2020 (FY 2020-21)
TDS Rates for non-salary payments and TCS Rates for specified receipts have been reduced by 25% in respect of the remaining period of Financial Year 2020-21 (i.e. during 14th …
Tag: TCS
CBDT Clarifications on Lower/ Nil Rate TDS/ TCS Certificates (COVID-19)
CBDT has clarified certain issues arising out of its Orders issued under Section 119 (dt. 31st March 2020 & 3rd April 2020) regarding issuance of certificate for lower rate/ …
Issuance of Lower/ Nil Rate TDS/ TCS Certificate (FY 2019-20), clarification by CBDT
CBDT has issued an Order for directions/ clarifications relating to cases where issuance of Lower/ Nil Rate TDS/ TCS Certificate in respect of Financial Year (FY) 2019-20 is pending, …
CBIC’s 31 FAQs on GST TCS by E-Commerce Operators u/s 52 of CGST Act 2017
CBIC has issued a set of 31 FAQs on issues relating to ‘GST TCS’ by E-Commerce Operators under Section 52 of the CGST Act 2017, updated as on 30 …
CBDT Notifies Revised Form 13 and E-process for Lower/ Nil Rate TDS/ TCS certificate u/s 197/ 206C
CBDT notifies amended IT Rules 28, 28AA, 28AB, 37G and 37H along with Revised Form 13 to implement E-process for issue of Certificate under Section 197/ 206C for Lower/ …
GST TCS Collection Rates Applicable for E-com Operators for Inter/ Intra-state Supplies, notified by CBIC
CBIC has notified the 'GST TCS Collection Rates', i.e. 1%/ 0.5% of net value, applicable for 'E-commerce Operators' (not being agents) on Inter-state/ Intra-state Supplies made through it by other …
Finally ‘GST TDS/ TCS’ Applicable from 1 Oct. 2018 under CGST Sections 51/ 52: CBIC
After deferment on various occasions, finally the CBIC has notified that the provisions relating to 'GST TDS/ TCS' under Sections 51/ 52 of the CGST Act, 2017 respectively, shall …
CPC-TDS Procedure: e-Filing of CA Certificate (Form 27BA) for Rectification of TCS Defaults
CPC-TDS Prescribes Procedure for e-filing/ furnishing and verification of CA Certificate in Form 27BA for removing of default/ rectification of Short Collection/ Non Collection of Tax at Source (TCS).