TDS & TCS
As an e-commerce operator, MakeMyTrip and Goibibo are liable to collect TCS at the rate of 1% (0.5% CGST & 0.5% SGST) on the Effective Sell Price of Ro...
Wed, 17 Jan, 2024 at 2:49 PM
You can login into your GST account and check the credit in the GST Portal under GSTR-8. Subscribe to our YouTube Channel to watch insightful videos.
Wed, 17 Jan, 2024 at 2:50 PM
As e-commerce players, MakeMyTrip and Goibibo are liable to deduct TDS at the rate of 1% on the “Effective Sell Price” of Room (Sell price net of hotel driv...
Wed, 17 Jan, 2024 at 2:52 PM
The TDS deduction will be over and above 1% TCS deduction. TDS deduction is against the Income Tax Act while TCS deduction is against the GST Act. Subs...
Wed, 17 Jan, 2024 at 2:53 PM
In case you don’t have a PAN card, 5% TDS will be deducted against each booking on the effective sell rate. Subscribe to our YouTube Channel to watch i...
Wed, 17 Jan, 2024 at 2:56 PM
Yes, you can avail the TDS statement upon request. Please reach out to your Business Development Manager. Subscribe to our YouTube Channel to watch in...
Wed, 17 Jan, 2024 at 2:58 PM
The TDS amount can be set off against advance tax payable, self-assessment / regular tax payable or refund claim while filing the tax return. Subscrib...
Wed, 17 Jan, 2024 at 2:59 PM
Yes, TDS will be deducted for Non-GST registered properties as the TDS deductions are generated against PAN numbers. Subscribe to our YouTube Channel t...
Wed, 17 Jan, 2024 at 3:01 PM
A 1% of TDS will be deducted on the ‘Advance Amount’, at the time of processing advance excluding advances that are used 100% against holiday bookings. ...
Wed, 17 Jan, 2024 at 3:03 PM
The TDS compliance of a chain property will depend on PAN card details provided by you. In the case of the same PAN for the entire chain, TDS deduc...
Tue, 21 Sep, 2021 at 4:42 PM