Gst number of tcs
WebAug 11, 2024 · The rate of State GST (SGST) is 5 percent. The rate of TCS is as follows: 1% CGST 1% SGST The commission on sales is Rs. 100. Goods are purchased from … WebThe 15th-digit is the check code which can be an alphabet or a number. Another GST number format example is 08AAAAA3456A7Z9. In the above GST registration number format, 08 is the state code of Rajasthan, AAAAA3456A is the PAN of the registered person, 7 is the number of registrations in Rajasthan, Z is the default value, and 9 is the check …
Gst number of tcs
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Web1 day ago · Under Goods and Services Tax (GST) law, e-invoicing for business-to-business (B2B) transactions was made mandatory for companies with turnover of over Rs 500 crore from October 1, 2024, which was then extended to those with turnover of over Rs 100 crore effective January 1, 2024. Web2 days ago · Tata Consultancy Services (TCS) kickstarted the earnings season of the March quarter of the fiscal year 2024-23 (Q4FY23) on April 12. The IT bellwether posted a 5 per cent quarter-on-quarter (QoQ) rise in its consolidated net profit at Rs 11,392 crore for the January-March period. On a yearly basis, the profit grew 14.76 per cent.
WebAfter collecting data from the seller, Fiverr will collect data from buyers who purchase from these sellers. The buyer and seller data will enable Fiverr to report the GST/TCS to the relevant Indian tax authorities. Section 194-O Tax. Data for the Section 194-O tax will be collected as part of GST/TCS data. WebSep 18, 2024 · TCS stands for Tax collected at source is the tax payable by a seller which he collects from the buyer at the time of sale. TCS is covered under Section 206C of the …
WebJun 21, 2024 · GST on Advance Payment should be marked true. For example, service amount is INR 20000 and customer made an advance payment of INR 10,000, 18% IGST and 1% TCS has to be charged on the advance payment. On posting of advance receipt from customer, GL Entries will be as following: Later sales invoice for services is issued … WebGSTIN or Goods and Services Tax Identification Number is a unique 15 digits alpha-numeric PAN-based code allotted to every registered person under Goods and Service Tax (GST). This GST number is provided to the GST taxpayer along with the GST registration certificate, and the GST number also allows tracking a registered Taxpayer.
The dealers or traders supplying goods and/or services through e-commerce operators will receive payment after deduction of TCS @ 1%. The rate is notified by the CBIC in Notification no. 52/2024 under CGST Act and 02/2024under IGST Act. This means for an intra-state supply TCS at 1% will be collected, … See more Tax Collected at Source (TCS) under GST means the tax collected by an e-commerce operator from the consideration received by it on behalf of the supplier of goods, or services who makes supplies through the … See more Certain operators who own, operate and manage e-commerce platforms are liable to collect TCS. TCS applies only if the operators collect the … See more The e-commerce operators liable to collect TCS have to compulsorily register under GST and there is no threshold limit exemption for it. … See more TCS will be collected by e-commerce operators while making a payment to the vendor. This payment will be the consideration collected on the vendor’s behalf for the supplies made by him via the online portal. … See more
Web11 rows · Jan 7, 2024 · GST number of Tata Consultancy Services Limited is … how to make a logo for kidsWeb9 hours ago · April 21 (Friday): Eid-ul-Fitr (Ramzan Eid)/Garia Puja/Jumat-ul-Vida. April 22 (Fourth Saturday): Ramzan Eid (Eid-Ul-Fitr) April 23 (Sunday) April 30 (Sunday) Stock market to remain shut today. The stock market will also remain shut today on the occasion of Dr Baba Saheb Ambedkar Jayanti. According to the BSE calendar, the equity segment ... how to make a logo in officeWebMay 1, 2024 · Like Income Tax, GST also Introduce the concept of Tax Collected at Source (TCS). TCS on GST is applicable from 1 st October, 2024. There are large numbers of … how to make a logo bigger without pixelation