Gst Tds and Excel Tools

New TDS Provision Alert – Section 194T | Income-tax Act, 1961
A significant compliance change is coming into effect from 1 April 2025, impacting Partnership Firms and LLPs.
🔹 What’s New?
Under Section 194T, firms are now required to deduct TDS @ 10% on payments made to partners, including:
✔️ Salary / Remuneration
✔️ Interest
✔️ Commission / Bonus
✔️ Any similar payments
🔹 Threshold Limit
TDS will apply only if aggregate payments exceed ₹20,000 in a financial year per partner.
🔹 Time of Deduction
TDS must be deducted at the earlier of credit or payment, including amounts credited to capital or current accounts.
🔹 Why This Matters
Previously, partner remuneration and interest were outside the scope of TDS.
Now, although these payments remain allowable under Section 40(b), TDS compliance has become mandatory.
🔹 Applicability
✅ Partnership Firms & LLPs
📅 Effective from FY 2025-26 (AY 2026-27)
👉 Action Point for Firms
Review partner payment structures, update accounting and payroll systems, and ensure timely TDS deduction and compliance to avoid interest, penalties, and disallowances.

When charge igst and when charge CGST SGST
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If the supply make in the same state then make an invoice CGST @9% output SGST@9%

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Annual sports day 2025

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GST FULL FORM
Goods and services Tax is applicable in India from 01/07/2017
IGST- Integrated tax ( If supply is Made to another state)
CGST TAX- Central Tax
SGST TAX -State Tax (if supply is Made within state then both tax charges)