tcs

TCS functionality on GSTR-8 Return enables for GST Composite Taxpayers

new gst functionalities for tcs

The Central Board of Indirect Taxes and Customs (CBIC) have provided the new GST  functionalities for TCS, Composition Taxpayers and e-commerce operators. Let’s understand in detail –  Recently the goods and services network (GSTIN) portal has made some new GST functionalities for TCS. This has made some relaxation in the GST return filing procedure for … Read more

5 Key Tax reliefs while COVID-19 Lockdown

5 tax reliefs

The government has given certain tax reliefs to the taxpayers during COVID-19 Lockdown. The COVID-19 pandemic has an adverse impact all over the globe and sent economies spinning. Indian government is doing its best to revive the economies and has provided some relaxations as regards ITR filing and GST return filing. Here are those key … Read more

Government Now Reduces Rate of TDS and TCS

rate of tds tcs reduced

There’s a great relief for the Indian taxpayers! The government has reduced the rate of TDS & TCS rates under its newly introduced Atmanirbhar Bharat: The Special economic & comprehensive Corona relief package worth ₹20 lakh crores. The Finance Minister of India Smt. Nirmala Sitharaman had explained the minute details of the Atmanirbhar Bharat economic … Read more