Tds Calculation Issue
This query is : Resolved
Quick Summary
Yogendra Mishra
(Querist)
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
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
Dhirajlal Rambhia
(Expert)
31 May 2024
Yes, that's correct ....
Dhirajlal Rambhia
(Expert)
07 September 2024
Good Luck.
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