I am normal taxpayer. I have GST no. on which transaction i required to charge tds
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Quick Summary
This discussion clarifies when a taxpayer with a GST number needs to deduct Tax Deducted at Source (TDS). TDS is generally required when a business makes payments for specified services like legal fees, audit fees, advertising, contractor payments, commissions, or salaries. The specific nature of the business, such as jewellery manufacturing or construction chemicals, and its legal structure (proprietorship, partnership, etc.) are key factors in determining TDS applicability.
TDS is required to be deducted when a business makes a specified payment in respect of services received (eg. legal fees, audit fees, advertisement, contractor, commission, salary etc).