Advisory in respect of Changes in GSTR 8
GSTN team is working on the changes announced by GST Council in respect of GSTR 8, is expected to be complete in next couple of days
Tag: gst tcs
Notification no. 15/2024 – Central Tax dated 10.07.2024
CBIC issued Notification no. 15/2024 – Central Tax on 10.07.2024 to make amendments in the notification no. 52/2018 – Central Tax dated 20.09.2018 which notifies the rate of tax collection at source (TCS) to be collected by every electronic commerce operator for intra-State taxable supplies.
Assessee would be considered as electronic commerce operator when digital gold is sold through the platform and sale amount is directly paid through escrow account for which commission is charged
The Karnataka, AAR in the case of In Re. M/s. Changejar Technologies Private Limited ruled that the Applicant would be considered as electronic commerce operator and is required to collect tax at source in case where the digital gold is sold through the platform and sale amount is directly paid through escrow account for which commission is charged.
What Is The Difference Between TDS and TCS?
Income tax is one of the most important financial planning aspects. You need to keep a check of your incomes,…