TDS

This query is : Resolved 
Quick Summary
This discussion clarifies the application of TDS under section 194C when the value of a single voucher, excluding GST, is less than Rs. 30,000, but the total including GST exceeds this threshold. TDS is indeed attracted in such cases. However, the tax is to be deducted on the amount excluding GST, meaning the net value before GST is considered for TDS calculation.

Profile Image

Profile Image

(Querist)
22 April 2020 Hello,
I have a query regarding to tds u/a 194C.
If taxable value of single voucher is less than Rs. 30,000 /- but after addition of gst it's total value become more than Rs. 30,000/- then how tds will be deducted?
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
22 April 2020 TDS attracts, but to be deducted on the amount excluding GST.
Profile Image

KAVIRAJA ADDANGADI

Profile Image

KAVIRAJA ADDANGADI (Expert)
23 April 2020 If single transaction invoice value exceeds 30000/- or payment need to deduct tds on net value before 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


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Vijay Kumar DVijay Kumar DPro Member RISHI LATTARISHI LATTAPro Member Arun MahaldarArun MahaldarPro Member SARANGSARANGPro Member Jagdeep KaurJagdeep Kaur
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category