WebTCS full form is Tax Collected at Source. This TCS tax is payable by the seller who collects in turn from the lessee or buyer. The goods are as specified under section 206C of the Income Tax Act, 1961. Example: If the purchase value of a box of chocolates is Rs. 100, the buyer ultimately pays Rs. 20 where the Rs. 20 is the tax collected at source. WebIt helps us to deduct TDS , Update Your Records and maintain identity of your Supplier / Vendor. 4) What is State Code and State Name of GST Number 33AALPV5931C1ZO? Very Famous State in India is Tamil Nadu.The GST State Code is 33. 5) What is the type of the tax payer (GST Number : 33AALPV5931C1ZO)? Type of the Tax Payer is Individual/Person.
GST Registration Process Online Guide for GST Registration
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Tax Deducted at Source (TDS) is one of the ways to collect tax based on certain percentages on the amount payable by the receiver on goods/services. The collected tax is a revenue for the government. The provision pertaining to TDS under GST is given under Section 51 of the CGST Act to be read with CGST Rule … See more TDS is to be deducted at the rate of 2 % on payments made to the supplier of taxable goods and/or services, where the total value of such supply, … See more TDS shall be paid within 10 days from the end of the month in which tax is deducted. The payment shall be made to the appropriate government which means: 1. The Central Government in the case of the IGST and the CGST 2. … See more A person who is liable to deduct TDS has to compulsorily register and there is no threshold limit for this. The registration under GST can be … See more WebGoods & Services Tax (GST) Services ... Top ... WebThe GST liability of Rs. 15,000 has to be paid in the form of cash/bank payment. Mr. A will deposit Rs 15,000. This will be shown in the Electronic Cash Ledger of Mr. A. The balance of the ledger will be utilized for payment of GST. TDS and TCS TDS and TCS under GST is an acronym for tax deduction at source and tax collection at source. charlie kelly resume