Tds on advance

This query is : Resolved

manoj sonalkar (Querist)
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13 April 2018 Dear Sir

We have entered into some professional service agreement.
The contract is as follows :

Basic Service Charge – 2,00,000
GST @ 18% - 36,000
Total Cost - 2,36,000

Party is demanding 30% Advance - Rs.70,800/-
(i.e. 30% of Rs.2,36,000/-).

Shall we Deduct TDS on RS.60,000/- (i.e.30% of Basic Service Charge i.e.Rs.2,00,000/-) or we shall deduct TDS on Rs.70,800/-.( on entire amount without excluding GST from this).
Please quote any circular / case for the above.

Thanks in advance,

Guest

Guest (Expert)

13 April 2018 On 60,000.
CBDT circular no. 23/2017

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