I am a banker. Recently we have paid the rental arrears on our leased premises. Some confusion is there. On the GST . I will just quote an example.
Assumptions
Rent arrears paid for 2 years from May 2017 to Nov 2018 = 200000
CGST @ 9%= 18000
Sgst @ 9%=18000
Total = 236000
TDS @ 10%= 20000
But our portal has calculated an additional amount of TDS on this 20000 = 2000+2000=4000
Making the net payment of arrears to 236000-20000-4000=212000.
It appears that CGST @ 10% and SGSt @ 10% charged on TDS of 20000. Can anybody explain. The bank GST portal is calculating like this
CAclubindia
