Web25 jun. 2024 · TDS Rates on Payment to Contractor. TDS Rates u/s 194C for payment to contractors: The person who is responsible to deduct TDS (as given above) under section 194C must deduct TDS for A.Y. 2024-24 F.Y. 2024-23 as per the rates given below. 1% (where the payment is being made or credit is given to an individual or a HUF) Web2 jun. 2011 · The job/work involves the following. 1. Shifting of equipments to the site 2. Drilling of bore holes 3. Field Test/laboratory Test of soil,rock etc. 4. Submission of Geo-technical recommaedation The firm has represented that the job involves a lot of field work, labour charges for mobilisation, de-mobilisation, drilling & shifting of machinery.
CBIC issues Clarification on Job Work on Manufacturing ... - Taxscan
Web1 apr. 2024 · 1. No TDS will be deducted if payment made to the contractors as consideration for the contract does not exceed Rs 30,000 for a single contract. 2. No … WebJob work or outsourced manufacturing services are taxable under GST. The GST rate for job work is linked to SAC code or Services Accounting Code, a services classification system developed by the Service Tax Department for levy of service tax. In this article, we look at the job work and outsourced manufacturing services under GST in detail. freezing baked scones
Journal Entries for TDS 194J, 194C, 194H, 194I - Waytosimple
WebManitou Springs, and F red M Betz Sr Lamar publisher Hammerimg announced En dav that William Wilson, 2448 has been named manager of the company s loan asexual ion and is in charge of R a ge A 2.C olu m n 8 T urn no voter registration at this time of year Parker said that some voters may get confused with all. the iTufn to Rage A2.Column 8) Zunis to … Web14 okt. 2024 · Section 194 M prescribes TDS deduction for income received as professional fee or income received above Rs 50 lakh as brokerage or commission. Items eligible for TDS under section 194 N Cash withdrawal above applicable limits of Rs 20 lakh or 100 lakhs (as according to the case) is eligible for TDS u/s 194 N. Web1 jan. 2024 · Thus, after the above notification the job work service of dyeing and printing on the textile yarn and fabric has been removed from 5% GST rate and now the same would fall under 12% rate or 18% rate depending on the person to whom services is provided. To read more you must refer to circular 126/45/2024. fast and frantic movie cast