Is GST Tds on GST ITC ?
Find below input service ( Tax Invoice)
Base amount of contract : 200,000/-
GST on the above : (9%+9%): 36000/-
Total Invoice value : 236000/-
How much will be the GST Tds ?
Is it 360+360 ?
This is the query I have asked
GST Tds provisions are applicable..
How much amount is the GST tds .
Menu
GST Tds on GST
TDS to be deducted on 2,00,000 excluding the GST component.
2000 CGST Tds
2000 SGST Tds
Hope this is the amount of GST Tds
2000 SGST Tds
Hope this is the amount of GST Tds
Ls it local body work or goods /supply any govt department
Base amount of contract : 200,000/-
GST on the above : (9%+9%): 36000/-
Total Invoice value : 236000/-
CGST Tds 1% : 2000
SGST Tds 1% : 2000
Total GST Tds 4000/- as per the above discussion
GST on the above : (9%+9%): 36000/-
Total Invoice value : 236000/-
CGST Tds 1% : 2000
SGST Tds 1% : 2000
Total GST Tds 4000/- as per the above discussion
Work estimated value is 5,00,000
Gst on contract work is 423728
rounded as 423700
tds is 4237 as CGST
4237 as Sgst
Gst on contract work is 423728
rounded as 423700
tds is 4237 as CGST
4237 as Sgst
GST tds is not on GST (ITC) in the invoice but it is on the base value as discussed in this query
Total gst 18+2=20
Estimated value is=500000
Taxable value= 416666
Estimated value is=500000
Taxable value= 416666
It's GST Tds deduct and on GST TCS
Recent Topic
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
Related Topics
CAclubindia
