Tds Calculation Issue

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This discussion clarifies a TDS calculation query. An invoice was issued for Rs. 354,000 including 18% GST, meaning the taxable value was Rs. 300,000 and the GST was Rs. 54,000. A 2% TDS was deducted from the taxable value (Rs. 300,000), resulting in a deduction of Rs. 6,000. The final payment made was Rs. 348,000 (Rs. 300,000 - Rs. 6,000 TDS + Rs. 54,000 GST), confirming the calculation is correct.

Yogendra Mishra

Yogendra Mishra (Querist)
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31 May 2024 A Company issued the invoice Rs. 354000/- (including 18% gst) after that Supplier made payment Rs. 348000/- (After deduct 2% Tds).
Is this correct calculation..?
Total Value - 354000
Taxable value - 300000
Tax Value - 54000 (18% Gst)
300000 - 2% = 294000 After deduct 2% Tds
294000 + 54000 = 348000