24 January 2019
One security agency of kolkata has engaged for providing security guard in and around of Assam. The agency submitted the bill for payment. The details are given below: Taxable Value- Rs.353514.00 IGST @ 18%- Rs. 63633.00 Total = (Taxable Value+ IGST)- 417147.00
My query is that- During payment to the agency what amount of TDS on contractor(IT) and TDS on GST will be deducted.
24 January 2019
Dear Sir....my boss said that, during payment tds on contractor @2% would be deducted on taxable value and tds on gst @2% is also deducted (1% each for CGST and SGST) on taxable value of invoice. Is it correct ?
CAclubindia
