We have received a serviced invoice (For Welding Charge) Rs. 45000+Gst(18%) from ABC Ltd. but some items Problem purpose ABC Ltd. Issue a CREDIT NOTE Rs. 5000+GSt(18%)
Now My Question is we will deduct TDS 94C on which amount Rs. 45000 @ 2% or (45000-5000=40000 @ 2%), Please Clear urgent?
If TDS is required to be deducted, after the issue of Credit note, than deduct it at final amount, i.e. over Rs. 40K
A R JADHAV AND ASSOCIATES
Mumbai
CA Inter
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SKAA & Associates
New Delhi
CA Inter
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