When purchasing a property that includes GST, it's important to know how to correctly deduct Tax Deducted at Source (TDS). The consensus is that TDS should be calculated and deducted based on the agreed value of the property, specifically excluding the Goods and Services Tax (GST) component.
23 May 2025
One of my relative wants to buy a property from a real estate firm valued Rs 79.00 lacs including GST. should he deduct TDS @1% on full amount OR only value before GST . Pls advice.