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professional fees
if i pay professional fees then how to treat under gst how much tds deduct on professional fees
Replies (8)
tds rate is 10% under 194j & u can take itc of gst paid
If you received from URD then you ll be pay Tax under RCM basis...
If received from Registered dealer then you can get ITC...
Also you can deduct TDS on Professional Charges only (Basic value)..
TDS Rate @ 10% u/s 194J....
If received from Registered dealer then you can get ITC...
Also you can deduct TDS on Professional Charges only (Basic value)..
TDS Rate @ 10% u/s 194J....
but I read in a article that tds under GST deduct 1% if payment maid to suppliers against any goods and services, if only payment to contractor Invoice value should be 250000 then I deduct 1% tds please explain what is fact?
Once again you read that article carefully...
this only for contractor you want to say but professional fees also comes goods and services
You want to Say this.,
Difference between Contract and Services ....
Difference between Contract and Services ....
but I search on Google tds professional fees under GST then only this article I get.
194J is not under GST. It's in IDT. But, GSTN/Previous VAT also collect TDS u/s 194J (IT) for works contract. It's also under service/Contract head....
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