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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TDS FOR CONSTRUCTION
Replies (4)
Answer the following :
TDS IS APPLICABLE .
IS HE A WORKS CONTRACTOR
WHATS THE VALUE OF THE INVOICE.
TDS IS APPLICABLE .
IS HE A WORKS CONTRACTOR
WHATS THE VALUE OF THE INVOICE.
Yes sir.HE is a contractor. value Rs.250000 including gst
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.
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.
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.
THE CONTRACTOR MUST CHARGE 18% ON WORKS CONTRACTORS BILL.
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