TAX DEDUCTED AT SOURCE UNDER GST

by | Feb 22, 2021 | Articles

Tax deducted at source (TDS) means tax deducted by the recipient upon payment of consideration to the supplier of goods or services or both. The concept of TDS was borrowed from the Income Tax Act, 1961 which was introduced for reducing tax evasion by collecting tax at the time of generation of income….

INTEREST UNDER GST

by | Oct 5, 2020 | Articles

As per section 50(1) of Central Goods and Service Tax Act, 2017 (“CGST Act, 2017”) “ Every person who is liable to pay tax in accordance with the provisions of this act or the rules made thereunder, but fails to pay the tax or any part thereof to the government within...