Taxation Exam > Taxation Videos > Income Tax for assessment (Inter Level) > TDS on GST
TDS on GST Video Lecture | Income Tax for assessment (Inter Level) - Taxation
|
405 videos|72 docs
|
FAQs on TDS on GST Video Lecture - Income Tax for assessment (Inter Level) - Taxation
| 1. What is TDS on GST taxation? |  |
Ans. TDS on GST taxation refers to the Tax Deducted at Source (TDS) mechanism implemented on Goods and Services Tax (GST) transactions. Under this mechanism, certain specified persons are required to deduct a certain percentage of the payment made to the supplier of goods or services and deposit it with the government as TDS.
| 2. Who is liable to deduct TDS on GST? | |
Ans. As per the GST laws, the following persons are liable to deduct TDS on GST:
- Government departments or establishments
- Local authorities
- Governmental agencies
- Persons who are notified by the government
| 3. What is the rate of TDS on GST? | |
Ans. The rate of TDS on GST is 2% (1% each for CGST and SGST/UTGST) for intra-state supplies and 2% (2% IGST) for inter-state supplies. However, this rate may vary in certain cases as notified by the government.
| 4. What is the due date for depositing TDS on GST? | |
Ans. The due date for depositing TDS on GST is the 10th of the following month in which the deduction is made. For example, if TDS is deducted in the month of October, it should be deposited by the 10th of November.
| 5. Can TDS on GST be claimed as input tax credit (ITC)? | |
Ans. Yes, the TDS on GST deducted can be claimed as input tax credit (ITC) by the deductee. The deductee can utilize the TDS amount deducted by the deductor for discharging their GST liability. The TDS amount is reflected in the electronic cash ledger of the deductee.
Related Exams
About this Video
|
Dec 20, 2024 Last updated |
Video Description: TDS on GST for Taxation 2024 is part of Income Tax for assessment (Inter Level) preparation.
The notes and questions for TDS on GST have been prepared according to the Taxation exam syllabus.
Information about TDS on GST covers all important topics for Taxation 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for TDS on GST.
Introduction of TDS on GST in English is available as part of our Income Tax for assessment (Inter Level) for Taxation & TDS on GST in
Hindi for Income Tax for assessment (Inter Level) course. Download more important topics related with notes, lectures and mock test series for
Taxation Exam by signing up for free.
Description
Video Lecture & Questions for TDS on GST Video Lecture | Income Tax for assessment (Inter Level) - Taxation - Taxation full syllabus preparation | Free video for Taxation exam to prepare for Income Tax for assessment (Inter Level).
Information about TDS on GST
Here you can find the meaning of TDS on GST defined & explained in the simplest way possible.
Besides explaining types of TDS on GST theory, EduRev gives you an ample number of questions to practice TDS on GST tests,
examples and also practice Taxation tests.
|
405 videos|72 docs
|
|
Explore Courses for Taxation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
TDS on GST Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,ppt
,Free
,TDS on GST Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,Important questions
,Viva Questions
,MCQs
,Sample Paper
,Semester Notes
,video lectures
,study material
,practice quizzes
,shortcuts and tricks
,Previous Year Questions with Solutions
,Exam
,mock tests for examination
,TDS on GST Video Lecture | Income Tax for assessment (Inter Level) - Taxation
,past year papers
,Summary
,Extra Questions
,Objective type Questions
;
Study TDS on GST on the App
Students of Taxation can study TDS on GST alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the TDS on GST,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of TDS on GST is prepared as per the latest Taxation syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup