WebDec 4, 2024 · Marg ERP Ltd. -. December 4, 2024. 0. 13204. A seller collects a tax known as “Tax Collected as Source (TCS)” from the buyer as sale consideration for selling the goods with a value above Rs. 50 Lakhs. The rate of TCS on the sale of goods under GST varies on the goods under various categories. The goods categories have been specified … WebApr 23, 2024 · (Sr Nos 6 and 16 of FAQ released by Law Committee of GST Council on 28-9-2024.) Registration of foreign Electronic Commerce Operator– Foreign Electronic Commerce Operator is required to obtain registration under GST.
TDS & TCS Under GST - All you need to know EZTax®
WebMar 24, 2024 · I delivered my order 2 days ago and the client also give me a tip 15$ so now the total amount is 115$ that I am assuming that I am going to receive for my work but What I have seen its that my client paid me 129$ [115$ + 14$ tax I guess] and And only I received 86.75$ in my account. I am attaching a screenshot. WebSep 29, 2024 · Q. From whom such TCS is to be collected? Ans. TCS is to be collected only from those buyers from whom, sale consideration received during the FY exceeds Rs. 50 … free autocad people blocks
[FAQs] on Payment and Refunds under GST - taxmann.com
WebMar 15, 2024 · Ans. TCS ( Tax Collected at Source) under GST is nothing but the tax collected by an e-commerce operator from the consideration received by it on behalf of … WebDec 19, 2024 · The new TCS rule is introduced vide the Finance Act 2024 with the insertion of sub-section (1H) to section 206C. Accordingly, the seller of the goods who receives any amount as consideration for the sale of … Web169 rows · Jul 31, 2024 · Goods & Service Tax, CBIC, Government of India :: Frequently … bloated artinya