Hello,
We are a company that provides trainers to companies from a pool of trainers registered with us. Needed to know if a company pays us Trainers Fee + Our Service Fee will TDS be deducted on it. As when we pay the trainer we will be deducting TDS on it.
Calc if TDS is deducted by company:
| Company to Vendor(Pvt. Ltd) | ||
| Content | Rate | Value |
| Invoice value(Input amount only on this cell) | 0 | 100000 |
| Vendor Comission(Fixed) | 0 | 1000 |
| Total payout before GST | 0 | 101000 |
| GST | 18% | 18180 |
| Total Invoice value | 0 | 119180 |
| TDS Deduction | 2% | 2020 |
| Final Payout to Us | 0 | 117160 |
| Vendor to Trainers | ||
| Invoice Value | 0 | 100000 |
| TDS Deduction | 2% | 2000 |
| Final Payout to Trainer | 0 | 98000 |
| GST to Govt. on invoice value | 18% | 18180 |
| Total Payout to Trainer +GST +TDS To Govt. | 118180 | |
| Final Earning to Vendor(Befor Tax filing and getting TDS Return from Govt.) | -1020 |
It will be a great help if anyone could give us a solution for this
CAclubindia
