19 June 2018
Sir, we are an educational trust and we are constructing new premises for school. Do we have to deduct TDS from Contractors and what about deduction for other infrastructures like Centralized AC, networking, Civil works, fire fighting equipments.Do we have to deduct TDS on bill value with GST or without GST. Pls advise
19 June 2018
Kindly deduct TDS u/s 194C @ 1%/2% of single payment exceeds 30,000 or aggregate payment exceeds 1,00,000 during a financial year
TDS to be deducted on bill without GST i.e. amount excluding GST
29 June 2018
we want to import furniture from China for our Education Trust School. we have TAN and PAN registration and IEC code. Supplier from China insisting for GST no which we don't have since this is School and furniture is for school use only. How to go about. Pls advise
30 June 2018
One quick question we are paying our contractor not the full amount of the bill instead we will ascertain the percentage of work completed and we will release the payment. Previously we have miscalculated TDS amount and paid little extra in TDS account. Can we adjust this against our future payments. Please advise.
04 July 2018
You cannot adjust because if you pay less TDS than default will come.
Alternatively you may revise earlier TDS return and the excess payment which was made remained it unconsumed, than in current year use the unconsumed challan by giving the challan number in current quarter return
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