GST & TDS
This query is : Open
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
need to know the invoice value
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.
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.
Message likes :
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30 March 2021
Hi Madam ,
thank you for your reply .pls advice calculation
thank you for your reply .pls advice calculation
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.
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.
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
1) Paid (after TDS): ₹101735, hence gross amount would be ₹109984, after TDS ₹8249
2) GST ₹11784
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