Tds under gst for composition dealer
This query is : Resolved
Vaibhav Jain
(Querist)
07 May 2019
IF A LOCAL AUTHORITY MAKES A CONTRACT FOR CONSTRUCTION CONTRACT FROM A DEALER WHO IS REGISTERED UNDER COMPOSITION DEALER THEN
1 ON WHICH AMOUNT TDS IS DEDUCTIBLE BECAUSE COMPOSITION DEALER CAN NOT MAKES INVOICE SHOWING TAXABLE VALUE AND GST AND TDS IS DEDUCTED ON TAXABLE VALUE
2 HE IS REQUIRED TO PAY 1% TAX THEN WHAT IS THE LOGIC OF 2% TDS AND HOW THIS 1% EXTRA TDS IS ADJUSTABLE
1 ON WHICH AMOUNT TDS IS DEDUCTIBLE BECAUSE COMPOSITION DEALER CAN NOT MAKES INVOICE SHOWING TAXABLE VALUE AND GST AND TDS IS DEDUCTED ON TAXABLE VALUE
2 HE IS REQUIRED TO PAY 1% TAX THEN WHAT IS THE LOGIC OF 2% TDS AND HOW THIS 1% EXTRA TDS IS ADJUSTABLE
CA Anita Bhadra
(Expert)
07 May 2019
Its not on taxable value .
Even in case of normal registered person , TDS will be deducted on he base value i.e. value excluding central tax, State tax, Union territory tax, integrated tax and cess indicated in the invoice
.( Explanation given under subsection 1 of Section 51 of CGST Act, 2017 )
Even in case of normal registered person , TDS will be deducted on he base value i.e. value excluding central tax, State tax, Union territory tax, integrated tax and cess indicated in the invoice
.( Explanation given under subsection 1 of Section 51 of CGST Act, 2017 )
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