GST & TDS

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This discussion clarifies how to calculate the original invoice value when you have a figure that already includes GST at 12% and has had TDS at 7.5% deducted. The calculation involves working backwards from the net amount paid to determine the gross amount before TDS, and then calculating the GST component.

philip baila

philip baila (Querist)
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26 March 2021 have a value of Rs 101735.6 ( which includes GST 12% & after deduction TDS @7.5% )
need to know the invoice value

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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30 March 2021 Assumption: Tax deducted at source on total invoice value:
1) Paid (after TDS): ₹101735, hence gross amount would be ₹109984, after TDS ₹8249
2) GST ₹11784
However, if tax is deducted at source on basic value, then this computation does not hold good.

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philip baila

philip baila (Querist)
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30 March 2021 Hi Madam ,

thank you for your reply .pls advice calculation

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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31 March 2021 I didn't get you. What do you want to know?

I'm unable to post this as a new reply. Hence modifying earlier post:

1) ₹1,01,735x100/92.5 = ₹1,09,984 (cross multiplication: if ₹1,01,735/- is 92.5%, what's 100%)
2) ₹1,09,984x12/112 = ₹11,784/- (if ₹1,09,984/- is 112% (including GST), what's 12%)
Hope you got them.

philip baila

philip baila (Querist)
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31 March 2021 what the calculation as how below was arrived

1) Paid (after TDS): ₹101735, hence gross amount would be ₹109984, after TDS ₹8249
2) GST ₹11784

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