WebOct 17, 2024 · Levy of TCS. As mentioned above, TCS is paid by the buyer to the seller of the goods or services, as applicable. The seller is liable to deposit the same with the … WebThe corporate cannot take ITC of GST paid on reimbursement debit note but they can take credit of invoice issued for commission charges for the use of Technology aggregation services of cab aggregator. Let us understand this with an example: Ola, a cab aggregator, has entered into an agreement to provide service to reliance industries.
TCS Q4 Results: Profit jumps 15% YoY to Rs 11,392 crore; dividend ...
WebE-commerce operator shall make the payment of consideration to actual supplier only after deducting 1% TCS on the net value of goods & services sold. Thus, any dealer/trader sells goods/services online would get the payment net of 1% tax. The amount of TCS so collected has to be deposited by the 10th day of next month. WebJan 20, 2013 · conflict of interest can be damaging to TCS and to the Supplier, and are to be disclosed. and approved in advance by TCS management. Protecting Company Assets. The assets of TCS shall not be misused; they shall be employed primarily and. judiciously for the purpose of conducting the business for which they are duly. authorised. These … philip andrew reynolds
TCS Registration for Ecommerce Collecting TCS under GST
WebCan a supplier take credit of the TCS ? Yes, on the basis of a valid return filed by the e-commerce operator and there is no discrepancy. Answer» D. Yes, on the basis of a valid return filed by the e-commerce operator and there is no discrepancy. Web2 days ago · TCS dividend The board of directors of the company have recommended a final dividend of Rs 24 per share which shall be paid on the fourth day from the conclusion of the 28th Annual General Meeting, subject to approval of the shareholders. Ahead of the announcement of the results, TCS shares ended 0.87% higher at Rs 3,242.10. Analyst take WebIt is clarified under law that TCS on sales of goods will be collected when actual payment is received by the seller. However to collect TCS on sale of goods, the seller needs to raise … philip andrews chattanooga