https://www.taxtmi.com/article/detailed?id=7179 TDS under GST requires specified government and notified persons to deduct tax at source on high value contracts, deposit the deducted amount within ten days from the end of the month, issue a deposit certificate to the deductee within five days (subject to late fees), and allows the deductee to claim credit in the Electronic Cash Ledger; failure to deposit attracts interest and refunds are restricted once credited to the deductee's Electronic Cash Ledger. TCS requires electronic commerce operators to collect tax at source on net taxable supplies where consideration is collected, deposit amounts within the same deposit timeline, file monthly electronic statements, enable supplier credit in the Electronic Cash Ledger, and reconcile discrepancies between operator statements and supplier returns, with unreconciled excesses added to supplier output tax liability and possible interest. en-us Thu, 05 Jan 2017 09:05:57 +0530 Thu, 05 Jan 2017 09:05:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7179 TDS under GST requires specified government and notified persons to deduct tax at source on high value contracts, deposit the deducted amount within ten days from the end of the month, issue a deposit certificate to the deductee within five days (subject to late fees), and allows the deductee to claim credit in the Electronic Cash Ledger; failure to deposit attracts interest and refunds are restricted once credited to the deductee's Electronic Cash Ledger. TCS requires electronic commerce operators to collect tax at source on net taxable supplies where consideration is collected, deposit amounts within the same deposit timeline, file monthly electronic statements, enable supplier credit in the Electronic Cash Ledger, and reconcile discrepancies between operator statements and supplier returns, with unreconciled excesses added to supplier output tax liability and possible interest. Articles Goods and Services Tax - GST Thu, 05 Jan 2017 09:05:57 +0530 https://www.taxtmi.com/article/detailed?id=7179