12 gst on work contract

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163 Points Posted on 18 April 2021
sir
suppose i have the bill for work contract amounting to Rs 440000 n they have deducted 2 % gst tds i.e. 8800..so how much is 10% it will be deduct or how much the amount gst for 10% will come
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On 18 April 2021 at 22:49 Report
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This discussion clarifies the Goods and Services Tax (GST) implications on a work contract valued at Rs. 4,40,000, where GST is charged separately. The user is seeking to understand the TDS (Tax Deducted at Source) calculation for GST, specifically when 10% TDS is applicable. The conversation confirms that the contract amount is exclusive of GST, which is crucial for accurate TDS computation.

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GST Practitioner
55067 Points Posted on 18 April 2021
Kindly read the contract/tender letter whether the contact for rs.4.4lac is inclusive or exclusive of GST
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On 18 April 2021 at 23:09
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163 Points Posted on 19 April 2021
Excluded sir
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On 19 April 2021 at 09:19

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