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GST & TDS Related Inquiry

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Umesh Bhise

72 Points Posted on 06 July 2022

Dear Sir,
Why their is a GST and TDS Deduction also added in Service Invoice... please explain.

Replies (4)

Quick Summary

This discussion clarifies why Goods and Services Tax (GST) and Tax Deducted at Source (TDS) are included on service invoices. It explains that GST at 18% is mandatory on services. TDS is often mentioned on the invoice to ensure clarity for both the service provider and the customer regarding the deduction amount. Form 26AS is then highlighted as a crucial tool for verifying if the deducted TDS has been deposited by the deductor and for checking overall tax credits, including TDS, TCS, and advance tax payments.

Kesavaraj S

333 Points Posted on 06 July 2022

It is mandatory to collect GST @ 18% on service Invoice and some of the service providers insist their customers to deduct TDS by mentioning it in the Invoice itself.So that their customers are clear that how much TDS is to deduct and service provider also clear on the TDS amount that is to be reflected in his Form 26AS...