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TDS under GST is Tax Deducted at Source by recipients on specified payments, ensuring tax collection at income generation. TCS is Tax Collected at Source by e-commerce operators on taxable supplies, ensuring tax compliance at the point of sale.
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Start Your Business Call Experts 8881-069-069 Importance of TDS & TCS under GST:- Helps the government collect taxes. Makes sure everyone pays their fair share. Simplifies tax calculations for businesses and individuals. Reduces tax evasion and fraud. www.e-startupindia.com
Start Your Business Call Experts 8881-069-069 What is TDS? What is it? Tax is taken from your payment. Who pays it? Big businesses paying suppliers. Why? To ensure taxes are paid on time. How much? Usually 1% of the payment. www.e-startupindia.com
Start Your Business Call Experts 8881-069-069 What is TCS? What is it? Tax paid when you buy something online. Who pays it? You, the buyer. Why? To help the government collect taxes. How much? A small part of your bill. www.e-startupindia.com
Start Your Business Call Experts 8881-069-069 Visit here to get more information: Difference between TDS & TCS under GST:- Moreover, If you want any other guidance relating to the Difference between TDS & TCS under GST. Please feel free to talk to our business advisors at 8881-069-069. Download the E-Startup Mobile App and Never miss the latest updates about your business. :- www.e-startupindia.com
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