Applicability of GST & TDS on GST for short film production


(Querist)
11 October 2019
A Govt Dept has entered a contract with a Film production agency to make a social awareness short film. The producer has charged 18% GST on the production cost. While settling the Invoice the Accounts Dept has deducted 2% TDS on the production cost. My query is whether GST TDS is also to be deducted from the Invoice? If so at what percent? In case, if it is omitted to be deducted, whether it can be deducted in the subsequent invoices to be settled. kindly clarify


CA Anita Bhadra (Expert)
11 October 2019
GST TDS is applicable. Govt Dept required to deduct TDS at 2 % where the total value of such supply, exceeds INR 2,50,000 (excluding the amount of GST).

It should be in the same month - The deductor has to deposit the TDS to the government by 10th of succeeding month and file GSTR 7

Gokul Sharma (Expert)
11 October 2019
limit for tds under 194c is 100000 and 30000 for single transection .

CA Anita Bhadra (Expert)
12 October 2019
194 C is for TDS under Income Tax

For TDS under GSTAct , it is sec 51 of CGST Act , where limit is rs 2,50,000/-

Gokul Sharma (Expert)
12 October 2019
thank a lot mam for your reply.

Soumitra Basu (Expert)
12 October 2019
Please see whether it is TDS for Income Tax or GST


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :






×
close
CA Learning
Online GST Class    |    x