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TDS FOR CONSTRUCTION

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Accountant
26 Points Posted on 03 October 2019
Dear sir
contraction work is TDs applicable ?
my company store room contraction work now completed . Now we get invoice . but invoice only mentioned (contraction work for store room ) he didn't mention labour charge . pls reply TDs is applicable or not?
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On 03 October 2019 at 11:34 Report
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Profession Business
28207 Points Posted on 04 October 2019
Answer the following :
TDS IS APPLICABLE .
IS HE A WORKS CONTRACTOR
WHATS THE VALUE OF THE INVOICE.
44 Reply
On 04 October 2019 at 14:12
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Accountant
26 Points Posted on 04 October 2019
Yes sir.HE is a contractor. value Rs.250000 including gst
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On 04 October 2019 at 15:15
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24 Points Posted on 04 October 2019
TDS shall be Deductible under Sec 194C @ 2% in case of company at value excluding GST .
In your case, 2,50,000/118*100=2,11,864 (Use GST rate applicable in your case if less than 18٪).
Basis above calculation TDS amount will be INR 4,238.
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On 04 October 2019 at 17:12
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Profession Business
28207 Points Posted on 04 October 2019
TDS DEDUCTIBLE @ 1% ON CONTRACTOR IF HE IS AN Individual and 2% other than INDIVIDUAL AND HUF.
THE CONTRACTOR MUST CHARGE 18% ON WORKS CONTRACTORS BILL.
44 Reply
On 04 October 2019 at 20:35


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