Tax deducted at source

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student
8138 Points Posted on 02 April 2021

Is TDS to be deducted on amount includeing GST? Explain with example

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On 02 April 2021 at 21:27 Report
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This discussion clarifies whether Tax Deducted at Source (TDS) should be applied to the Goods and Services Tax (GST) portion of an invoice. The consensus is that TDS is only applicable to the base value of the goods or services, excluding GST and any other taxes. For example, on an invoice of £11,800 including £1,800 GST, TDS should be calculated solely on the £10,000 base amount.

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1238 Points Posted on 02 April 2021
No TDS only for sales value.
eg: Gross Invoice 10000
GST 18% 1800
Total Invoice value 11800.
we need to deduct TDS only for 10000
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On 02 April 2021 at 21:42
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17269 Points Posted on 03 April 2021
TDS on amount before GST amount. That is on Invoice amount as reduced by GST as per invoice
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On 03 April 2021 at 09:36
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1238 Points Posted on 03 April 2021
Correct
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On 03 April 2021 at 14:54
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job in industry
329 Points Posted on 03 April 2021
Tds is calculated on pre gst value and other taxes , that is on basic value .
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On 03 April 2021 at 17:15

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