Does currently tds applies to gst invoice or how tds and gst are related.?
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TDS and GST
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Relation between tds and gst.? does tds attracts on gst amount.?
No... TDS is deducted on Taxable value and not on GST AMOUNT
@ Mr Rahul.,
If You are asking TDS as per income tax against GST invoices then TDS will be deductible on basic value of the invoice.
Also TDS deductible only for supply of Services, not for supply of goods...
If You are asking TDS as per income tax against GST invoices then TDS will be deductible on basic value of the invoice.
Also TDS deductible only for supply of Services, not for supply of goods...
Ok..thank you
TDs/TCS is not applicable on GST amount . (Cannot Tax on tax)
The same has been cleared by Corrigendum to Circular No. 76/50/2018-GST dated 31st December, 2018
The same has been cleared by Corrigendum to Circular No. 76/50/2018-GST dated 31st December, 2018
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