sir
we have a printing bill amount Rs 166320. These amount included SGST 2.5% And CGST 2.5%.
NET AMOUNT. 158400
ADD. SGST. 3960
ADD. CGST. 3960
TOTAL BILL VALUE RS 166320.
Which amount should be take for TDS purpose.?
Rs 166320 ? or Rs 158400?
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TDS CUTTING
Replies (7)
TDS will be deducted on amount exclusive of taxes i.e on Rs. 1,58,400. No TDS in required to be deducted on GST.
TDS will be deducted on amount exclusive of taxes i.e on Rs. 1,58,400. No TDS in required to be deducted on GST.
Agree with @ ankit
Ankit @ can u specific what u mean. no TDs in required to be deducted in GST!
Already a notification came that specifically stated that tds is not required to be deducted on service tax portion.... Same will continue for gst.... Tds should be deducted only on taxable value., i. e excluding of gst
Divakar is Right
thnksss.. @ divakar and Ankit,👍
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