As mentioned in title, i want to ask tds deducted and paid by our client in march month on provision of payment to be received in next financial year.
so do i have to treat it as advance received in gst and pay gst in march month itself...
please give light on this along with relevant section?
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tds deducted under I.T act treated as advance in gst
Replies (2)
No, you have not received any advance. Your client discharged his TDS liability on provisional basis. Income tax act TDS Provisions are amount paid or credited, not only paid.
please guys..please throw light on this topic...
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