TDS On Gst@2%
Anupam Tiwari (Student) (41 Points)
21 December 2018
is tds deducted @ 2% if turnover exceed 250000 in addition to other tds deduction like professional?
3 Replies
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 21 December 2018
yes.....this will applicable only if govt is recipient of goods or services
Anupam Tiwari
(Student)
(41 Points)
Replied 21 December 2018
what would be the Journal Entry? if Total supply value of services 300000, gst 18% under this condition?
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 21 December 2018
Bill Raise to Govt Conern :
Dr Party (Govt Concern)
Cr Sale
Cr GST Output
Tds Deducted By Govt Concern:
TDS GST (Cash ledger). Dr
To Party ( Govt. Conern ). Cr
Dr Party (Govt Concern)
Cr Sale
Cr GST Output
Tds Deducted By Govt Concern:
TDS GST (Cash ledger). Dr
To Party ( Govt. Conern ). Cr
Recent Topics
- RCM on Groundnut purchased from farmers
- Cash transfer treatment between spouse under new r
- APPLICABILITY OF GST ON PULSES PREPACKED AND LABEL
- HSN Code for Keychain (Plastic+metal)
- Society and development, Highlighted by a term fin
- REGISTER ACCOUNT IN INCOME TAX PORTAL - NRI &
- LTCG ON PROPERTY SOLD IN PARTS
- Which GST to charge(Whether exempt or chargeable)
- Impact on project cost
- Register as representative for deceased
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
