WebSep 30, 2024 · The CBDT has vide Circular No. 17 of 2024 dated 29th September, 2024 issued Guidelines under section 194-0 (4) and section 206C (1-1) of the Income-tax Act, 1961 Click here to download Circular No. 17 of 2024 dated 29th September, 2024 F. No.370133/22/2024-TPL Government of India Ministry of Finance Department of Revenue WebAug 1, 2024 · Applicability of TCS on Sale of Goods. This provision has been made applicable from 1st October 2024. TCS shall be applicable where the seller receives any …
GST on Restaurant Services through E-Commerce Operators …
WebApr 8, 2024 · Eg- Value of restaurant services charged by Restaurant – Rs. 100. Discount provided by Swiggy – Rs. 10. Net amount charged- Rs. 90. Swiggy would be required to pay tax on Rs. 100. Certain Clarifications has been made regarding Restaurant Services provided through ECO vide Circular No. 167/23/2024-GST dated 17 December 2024. WebMar 6, 2024 · The tax shall be deducted by the buyer of goods at the rate of 0.1% of the purchase value exceeding Rs. 50 lakhs if the seller has furnished his PAN or Aadhaar, otherwise, the tax shall be deducted at the rate of 5%. Check out Direct Taxes Law & Practice which has been the 'go-to-guide' for Professional Practitioners for over twenty … bjorn musician
TCS on sales of goods - Finance Dynamics 365 Microsoft Learn
WebIn order to reduce the cash transactions in sale of goods and services, Finance Act 2016 has expanded the scope of section 206C (I D) to provide that the seller shall collect tax … WebSep 30, 2024 · There is three mandatory setupuser have to do to enable “TCS on sales of good” on payment collection basis: a. Enable feature through feature management: … WebJul 1, 2024 · This Tax Alert explains Circular No. 13/2024 dated 30 June 2024 (Circular) issued by the Central Board of Direct Taxes (CBDT), which provides guidelines for removing certain difficulties in application of the newly introduced provision on withholding tax @ 0.1% on purchase of goods [Section (S.) 194Q of the Income Tax Laws (ITL)], that comes into … bjorn mythology