Tds on amc bill
This query is : Resolved
Avinash Jeevan Dsouza
(Querist)
26 April 2018
We want to whether below transaction is need to be deduct the TDS.
We have received service bill of Rs 26000+4680 GST 18%) =30680. Do we need to deduct the TDS as the payment will fall under more than 30K single payment. Our confusion is while deducting the TDS we need not to considered GST amount as it was on the service charges (Kindly quote the Section for GST on service is not considered while deducting the TDS).
We have received service bill of Rs 26000+4680 GST 18%) =30680. Do we need to deduct the TDS as the payment will fall under more than 30K single payment. Our confusion is while deducting the TDS we need not to considered GST amount as it was on the service charges (Kindly quote the Section for GST on service is not considered while deducting the TDS).
CA Ankit R Momaya
(Expert)
11 May 2018
Dear Avinash,
GST Need not be considered while considering the limit of TDS. In the above case since the payment is only 26,000. TDS is not applicable.
GST Need not be considered while considering the limit of TDS. In the above case since the payment is only 26,000. TDS is not applicable.
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