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….
In GST regime, every supplier is liable to be registered in the States or Union Territories from where he makes a taxable supply. In addition, the supplier has been provided with the option to opt for separate registrations for different business verticals in the same State….
The Honourable Prime Minister in his speech on May 12, 2020 had announced INR 20 Lakh- Crores package, equivalent to about 10% of India’s GDP, aiming at making the country self- reliant and reviving the Indian economy. In this backdrop, the Honourable…
With the advent of the much talked about reform i.e., Goods & Service Tax (popularly known as ‘GST’), we have seen a colossal overhaul in the indirect taxation system of the nation. The Government has taken a top-down approach in its implementation…