CA Ankita Mathur Just as there are provisions for TDS under the Income Tax Act, GST too has provisions for TDS on similar lines TDS (Tax Deduction at Source) is a method of tax collection where a certain percentage of the amount is deducted by the recipient while making payment to the supplier. In this
H&R Block India Private Limited
Ankita Mathur You may want to amend some details in your GST Registration once you have applied for a new registration. You may have migrated from existing registration, and details like address, business details, contact number and so on may have to be changed.Following is the step-by-step process of seeking amendments. If there is any
How is Input Tax Credit (ITC) available to ‘rent a cab’ service providers? The service provider has two options. Option1: Pay 5% and not claim ITC. If they choose not to take credit of tax paid on various inputs, then they can pay only 5% GST on output service. Option 2: Pay 12% and claim ITC.