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Querry on tds on contractors bill

516 views 12 replies

Prashant Balkrishna Thanekar

Accounts Manager

182 Points Posted on 07 December 2017

TDS ON CONTRACTORS IS APPLICABLE FOR SINGLE BILL IS ABOVE RS.30000/- . MY QUESTION IS IT INCLUDING GST OR EXCLUDING GST . FOR EXAMBLE

BILL FOR MAINTENANCE IS RS.33187/-

MAITENANCE CHARGES RS.28125/-

SGST RS. 2531/-

CGST RS. 2531/-

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TOTAL 33187/-

IN ABOVE CASE TDS IS DEDUCTABLE OR NOT

Replies (12)

prasad Nilugal

GST Practitioner & Accounts

15097 Points Posted on 07 December 2017

Maintenance charges of what ?.

TAPASYA

297 Points Posted on 07 December 2017

TDS IS DEDUCTED ON AMOUNT EXCLUDING GST TO AVOID DOUBLE TAXATION...

prasad Nilugal

GST Practitioner & Accounts

15097 Points Posted on 07 December 2017

Above case TDS is not applicable, amount is less than 30000/- , if it is single payment in the year . you can not charge tds on GST amount .

Vineet Goyal - indiaitr.com

Founder of IndiaITR.com

184 Points Posted on 07 December 2017

GST is not included.

TAPASYA

297 Points Posted on 07 December 2017

TDS IS DEDUCTED ON AMOUNT EXCLUDING GST TO AVOID DOUBLE TAXATION... THUS NO TDS IN UR CASE

JOJY THOMAS

CHARTERED ACCOUNTANT

313 Points Posted on 07 December 2017

CBDT has clarified Vide Circular No. 23/2017 that if GST on services has been indicated separately in the invoice, then no tax would be deducted on GST component

vijay

article assistant

116 Points Posted on 08 December 2017

Tds is applicable

maintenance ch. ......dr. 28125
sgst input ..............dr. 2531
cgst input .............dr. 2531
To creditor/party
To Tds 1|2 % (as per case)

vijay

article assistant

116 Points Posted on 08 December 2017

as it is mentioned in the act "single payment made to contractor exceeds 30000 tds applicable" in the above case if tds rate 1% then payment required to be made to party exceeds 30000 hence provision applicable and if rate 2% then payment required to be made less than 30000 hence not applicale

vijay

article assistant

116 Points Posted on 08 December 2017

one more thing tds ll not applicable on GST as rightly said by Mr. tapasya,prasad,vineet

TAPASYA

297 Points Posted on 08 December 2017

Mr Vijay tds limit has to be seen on bill amount and not what you pay after deducting tds...
if that was the case then in 194j tds of 10% would never be req to be deducted if payment was nearer to 75k...thats not what the law wants to convey