Tax Deducted at Source is an indirect system of deduction of Tax by Indian authorities according to the Income Tax Act. 1961. Tax is deducted by the payer and is remitted to the government by the payer, on behalf of payee. Individuals, proprietorship concern, Partnership, LLP, OPC, Private Limited Company must deduct tax at source while making certain payment like salary, payments to contractor or sub-contractors, payment of rent exceeding Rs.1.8 lakhs per year, etc. Tax Deduction and Collection Account Number is mandatory. The process will take up to 10-15 working days from the date of submission of all the necessary documents and information

GST is the biggest tax reform in India. GST is mandatory for all entities involved in the sale of goods/products or businesses providing services in India. Previously, VAT is mandatory for sale of goods/products. VAT is levied at 0%, 1%, 2%, 5% and 14.5% respectively based on the commodity of different goods/products and Service Tax Registration is mandatory for businesses providing services. Service Tax is levied at 15% on the value of the taxable service. It includes Swachh Bharat Cess 0.5% and Krishi Kalyan Cess 0.5%.