Hi,
I have received tax invoice from contractor regarding warehouse rent of Rs. 168039/- (Including 18% GST). I have booked it & deducted TDS 10% on base amt as it is warehouse rent.
After some days contractor issue a credit note of Rs. 67739/-.
Now, my query is should I deduct the same TDS (10%) on credit note while booking it.
Pls guide. Thanks.
Menu
TDS on credit note.
Replies (5)
Can You give Reason of credit note ...?
Invoice amt is not as per agreement, so they charges 168039 by their mistake.
I think You can adjust next month liability if excess tds deducted...
But, As above said way You can simply leave / consider the Invoice value. They party can claim/adjust the TDS at the time of filling ITR...
Wait further views from our CCI experts...
But, As above said way You can simply leave / consider the Invoice value. They party can claim/adjust the TDS at the time of filling ITR...
Wait further views from our CCI experts...
If presumea TDS till not paid..so
TDS is applicable u/a 194I
Recent Topic
- Which category of Employer is applicable to Kendri
- GST on Post-OC Installments – Payment Milest
- Sec-54F exemption and Carry forward losses
- FEMA treatment — USD gift from LRS-funded fo
- RSU and Schedule FA related
- ELIGIBILITY FOR COMPOSITION SCHEME
- Doubt regarding the purpose of Section 52(3) of Co
- 112 A Filling
- Long Term Capital Loss in ITR2
- LOAN INTEREST BENEFIT ON NEW TAX REGIME
Related Topics
CAclubindia
