|Welcome to sri kalinga kawad bullion |06-02-2025 04:44 PM|ANY CHANGES IN GST RATE ,WE'LL ADJUST RATES ON EXISTING BOOKING ACCORDINGLY|27-07-2024 04:12 PM|ONLINE TRADING WILL START @ 1AM
If there is any changes in "CUSTOM DUTY" we will deliver gold at same price as traded.
If there is any changes in GST then invioce will be raised at the new GST rate . |01-02-2022 09:58 AM|Dear Client,
Kindly note that if there are any changes in GST, then that would be borne by the client. It will be implied to all new and pending trades.
KALINGA KAWAD BULLION AND JEWELLERY |31-12-2021 11:06 AM|for example 23rd november gst on gold is 3 percent
booking is done on 23rd november and billed on 23rd november
the rate of gst charged will be 3 percent
but if govt changes gst to 5 percent from 24th november
even if you booked on 23rd november and billing is done on 24th november
the gst charged will be 5 percent|23-11-2021 10:37 AM|*NewsFirst* : Reports are coming that Govt may hike GST from 3% to 5% on Gold & Silver.
• More details awaited.
➥|23-11-2021 10:36 AM|GST rate will be applicable on billing date and not the booking date|23-11-2021 10:36 AM|Dear Client,
Effective from 1st July, 2021 onwards, to ensure compliance with the new Tax Deduction at Sources (TDS) norms, it is mandatory for all our clients to make full payment as per invoice for every order placed. Eligible clients are requested to intimate us two days prior to TDS filing to receive the TDS refund.
For Example:
As per current TDS norms, if you have purchased gold worth Rs 100 and GST is 3%. You will have to make a payment of Rs 103. Hence, your TDS refund amount will be Rs 0.103 (0.10% of 103).|01-07-2021 07:44 AM|http://docs.google.com/document/d/1a4FHPJgH3Rka1Ozql0EYSRZGASNTTYRC/edit|30-06-2021 04:08 PM|Hi !!
As everyone is aware that govt of India has brought three new sections i.e. 206AB, 206CCA and 194Q under the income tax act, we request you to send the declaration as required for non collection of TDS / TCS at specified rates as prescribed under the respective sections !!
If the declarations are not received within time, we’ll charge TCS @ 5% on sale bill instead of 0.1 % !!|30-06-2021 02:14 PM|http://docs.google.com/document/d/1a4FHPJgH3Rka1Ozql0EYSRZGASNTTYRC/edit|30-06-2021 01:01 PM|Dear Client, Kindly send us the TDS/TCS Declaration Form (Received on your Email) on your company's letterhead before 30/06/2021 on the Email mentioned below or else your trading account will be disabled. For any further clarification contact us on the details below: CONTACT-08041120260|29-06-2021 06:36 PM|
Please note, The Finance Act 2021 has inserted new section 194Q of the Income Tax, 1961 and has proposed a levy of tax by way of tax deduction source (TDS) on purchase of goods with effect from 1st Jul 2021. This levy is on same transaction which was introduced by the Finance Act 2020 and TCS under section 206C(1H) on sale of goods was levied with effect from 1st October 2020.
As per new provision 194Q:
If the turnover of the Buyer (Customer) exceeds 10 Crore in Previous FY 2020-21, the Buyer (Customer) has to deduct TDS @ 0.1% on value of the goods purchased.
If the turnover of the Buyer is below 10 Crore in Previous FY 2020-21, the Buyer will not deduct TDS. In this case we will collect TCS @ 0.1% under section 206C(1H) on the same w.e.f. 1st Jul 2021 read with section 194Q.
Note: Request you to please provide/declare your turnover of FY 2020-21 in enclosed format on your letterhead, whether turnover exceeds 10cr or below 10cr. Based on such declaration onus of TDS/TCS will be decided.
Declaration to be received by KALINGA KAWAD BULLION AND JEWELLERY latest by 30th June 2021.Please fill the form and send it to us at our office or mail the same to KKBULLIONANDJEWELLERY@GMAIL.COM
If we do not receive this form duly with stamp and sign or before 30th of June we will not be able to raise invoice from 1st of July even after receiving the payment.
|29-06-2021 05:19 PM|Please note, The Finance Act 2021 has inserted new section 194Q of the Income Tax, 1961 and has proposed a levy of tax by way of tax deduction source (TDS) on purchase of goods with effect from 1st Jul 2021. This levy is on same transaction which was introduced by the Finance Act 2020 and TCS under section 206C(1H) on sale of goods was levied with effect from 1st October 2020.Dear client,
If there is any change in Custom Duty, Delivery will be made available at the same price as traded. In case of GST, any change in its rate, new rate will be applicable. Regards SRI KALINGA KAWAD BULLION
|28-01-2021 05:11 PM|Please Note: Any Changes in Taxation Policy, then it is Applicable as per the Government Norms.|23-09-2020 11:32 AM|Please Note: If Government Introduces TCS (Tax Collected at Source) from 1st October then we will Generate the Invoice as per the Law & the TCS amount will be borne/paid by the Purchaser.|23-09-2020 11:14 AM|Welcome to Kalinga Kawad.|21-02-2020 10:44 AM|