GST and TDS compliances

Crebeb advisors will help you to how to fill TDS AND GST .and how to develop start ur business. Goods & Service Tax (GST) is the largest indirect tax reform in India since independence.  We offer a host of specialized GST advisory services which includes analyzing its impact on the business of our clients, scenario analysis including alternative business models, legislative business level implementation assistance, transition management, and undertaking key compliance. 

The acronym (“TDS”) Tax Deduction at Source means an individual making payment or crediting to the supplier’s account for supply of taxable goods or services or both is required if the contract value excluding taxes exceeds Rs 250000 then we need to deduct GST at source.

When the total value of taxable goods or services or both, under a contract, exceeds Rs 2,The aggregate value of taxable supply must exceed Rs 2.50 Lakhs under a single contract. This taxable value doesn't include CGST, SGST, IGST, UTGST and CESS applicable under GST.

gst and tds compliance


●      Suppose, the recipient comes into a contract with the supplier for both taxable supply and exempted supply, TDS would be deducted until the worth of taxable supply within the contract exceeds Rs 2.50 Lakhs. This taxable value doesn't include Taxes and CESS applicable under GST and TDS compliances.

●      Where things of the supplier and thus the place of supply are within the same state or UT, it is the case of intra-state supply. Total 2% (1%CGST 1%SGST/UTGST), TDS of 1% speed each under CGST and SGST/UTGST would be deducted, that is, where the deductor is registered within the same state or UT without legislature.

●      In cases where products of the supplier are in one state and thus the place of supply is in the other State or UT B without legislature, it is the case of inter-state supply. TDS at the speed of twenty-two would be deducted under IGST. Provided the recipient or the deductor is registered within the state or UT B without legislature.

●      Where things of the supplier are in State A and thus the place of supply is in State or UT B without legislature, it is the case of inter-state supply. TDS at the speed of twenty-two would be deducted under IGST. Provided the recipient or the deductor is registered within the state or UT A without legislature.

●      In cases where advance is paid to the supplier on or after October 1, 2018, for supply of taxable goods or services, TDS at the speed of twenty-two would be deducted

For more Information - Gst and TDS compliances

Location: India

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