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.
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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
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