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TDS U/S 194 J --REG


MEENA VIVEK   24 October 2019

MEENA VIVEK

 5 likes  181 points

| My Other Post
We (Trust) have to pay Consulting fees u/s 194J to Architect firm as mentioned below which one is correct kindly clarify and Which rate TDS To be Deducted

1)Consulting fees--Rs.100000
Add:-GST @ 18%----Rs. 18000
-----------------
TOTAL. Rs.118000/

Less:TDS @ 10%
ON FEES AMT. Rs.10000/
----------------
Payable Amount RS.108000/-

OR
2)Consulting fees--Rs.100000
Add GST @ 18%---- Rs.18000
--------------
TOTAL. Rs.118000/

Less:TDS @ 10%
ON FEES AMT
WITH GST( i e
Rs.118000/-) Rs.11800
----------------
Payable Amount Rs.106200/
-------------------
Kumar Sushank

Kumar Sushank (Asst. Manager - Accounts & Taxation)     24 October 2019

Kumar Sushank
Asst. Manager - Accounts & Taxation 
 77 likes  1035 points

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Solution No. 1 is correct, You have to pay Rs. 1,08,000/- after TDS Deduction.

2 Like
Murugan Shanmugam

Murugan Shanmugam   24 October 2019

Murugan Shanmugam

 8 likes  109 points

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1st one is correct

because tds is on taxables Value not on invoice value
2 Like
Baskar

Baskar (Finance officer)     24 October 2019

Baskar
Finance officer 
 3 likes  71 points

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1 is correct. Tax should not be deducted on GST component. GST is not his income. You are going to avail ITC on whatever the GST you have paid. So his income is only Basic amount.

1 Like

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