I am confused about the applicability of both TDS deduction under 194J and TDS on GST by PSUs concurrently.
For example -
A PSU was billed Rs. 1,00,000 by law firm as legal fees.
The PSU has paid as below -
Legal fee - Rs. 1,00,000
GST - Rs. 18,000
TDS under GST - Rs. 2,000
TDS under 194J - Rs. 10,000
Is this correct? Are both TDS under GST and 194J applicable together.
Yes, the treatments done by PSU's is absolutely correct.
You claim TDS of Rs. 10,000 while filing your Income Tax Return and it will be reflected in Form 26AS.
Regarding GST TDS, you file file Return related to TDS/TCS Received and that amount will be credited in Electronic Cash Ledger and you can use to offset your GST Liability.
Aggarwal Sarawagi and Co
New Delhi
CA
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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