Here is the step-by-step process for making payment for TDS on immovable property. Go to the login page of the official Income Tax website (https://eportal.incometax.gov.in/iec/foservices/#/login?language-code=en) log in to your account Navigate to the "E-file" section and select 'e-pay Tax In the 'Read more
Here is the step-by-step process for making payment for TDS on immovable property.
- Go to the login page of the official Income Tax website (https://eportal.incometax.gov.in/iec/foservices/#/login?language-code=en)
- log in to your account
- Navigate to the “E-file” section and select ‘e-pay Tax
- In the ‘New payment’ section click the “Proceed” button for ’26QB (TDS on sale of the property)
- Fill in three pages with the below necessary information:
- DetaBuyer and seller basic details
- ils of property
- Ttax deposit details
- Property consideration credited or paid
- Property address details
- Contact details
- Residential status of the seller.
6. Choose your preferred payment mode: ‘Pay later’ or ‘Pay Now’.
7. Click on ‘Pay Now’ to make payment of TDS
8. After payment, the Form 26QB acknowledgment will be generated and can be downloaded.
9. Login as a Taxpayer on the TRACES Portal (https://contents.tdscpc.gov.in/) and generate the TDS Certificate from
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Hi, I am breaking your question into multiple pieces to make it easier to understand. Payment to Nonresident Taxable Person (NRTP) Section 2(77) of CGST Act, 2017 says that a Non-Resident Taxable Person means "any person who occasionally undertakes transactions involving the supply of goods or serviRead more
Hi,
I am breaking your question into multiple pieces to make it easier to understand.
Payment to Nonresident Taxable Person (NRTP)
Section 2(77) of CGST Act, 2017 says that a Non-Resident Taxable Person means “any person who occasionally undertakes transactions involving the supply of goods or services, or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India.”
Requirement of Registration in IndiaÂ
Section 24 of the CGST Act, 2017, required NRTP to register under GST law mandatorily five days before the commencement of the business irrespective of the minimum threshold turnover limit.
Applicability of RCM
Since NRTP requires the registration, he has to deposit tax in advance, equivalent to the estimated tax liability calculated on the value of taxable supply for the period for which the registration has been obtained.
Conclusion: GST should be paid under forward charge, not under reverse charge.
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