Govt. of J&K issues Guidelines for compliance of provisions of TDS

Sep 22, 2022 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Finance Department, Jammu and Kashmir has issued Notification regarding steps to be followed to ensure the provisions of TDS are being complied.

The following has been stated namely: -

• Registration as Tax Deductors in the GST common portal.

• Deduction of TDS amount as per the provisions from the bills to be paid to the suppliers/deductees.

• Deposit the TDS amount in to appropriate Government account(s).

• File tax Returns for TDS within the prescribed time limit.

 

 

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