Under Income Tax law, while making payment to a party TDS is required to be deducted at the applicable rate. The non-deduction of TDS results in disqualification of expense thus increasing ultimate Income tax Liability of the business. We take care of everything relating to TDS
Every person supplying goods or services are required to register under GST. The non-registered taxpayers shall not be allowed to collect GST or claim input tax credit (ITC) on inward purchases. GST Council has prescribed 20 Lakhs of turnover to be the threshold limit for registration under GST.