GST TDS
This query is : Resolved
25 November 2020
SIR
We are GTA and to agree with the govt company for supplying our trucks. They tell that we will deduct GST TDS @2% on the bill value.
We do not know the concept. Plz give us an simple explanation regarding this.
Thanks in adv
We are GTA and to agree with the govt company for supplying our trucks. They tell that we will deduct GST TDS @2% on the bill value.
We do not know the concept. Plz give us an simple explanation regarding this.
Thanks in adv
27 December 2020
TDS will be deducted and paid by the suppliers which will get credited to you Form 26AS where you can claim/adjust the same while discharing your Income Tax Liability.
https://cleartax.in/s/what-is-tax-deducted-at-source-tds
https://cleartax.in/s/what-is-tax-deducted-at-source-tds
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