hey ,
help me with the scenario mentioned below.
1. Taxable value 4,23,729 + GST 76,271 total value of 5,00,000
Now my client filed GSTR 7 I.e TDS on GST as 2% on total value 5,00,000 instead of 4,23,729 .. is it okay for us to incorporate the same in tally ?..
but there will be an mismatch right ?
guide me , thanks in advance
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TDS on GST - 2020-21
Replies (5)
Quick Summary
TDS should be deducted on gross value i.e, 423729
Sir , actually I knew that
but they deducted and filed by calculating in Net value.
I don't know whether to claim or not .
by saying that you've filed wrongly , client says like pass the journal entry as per amount filed by them.
but they deducted and filed by calculating in Net value.
I don't know whether to claim or not .
by saying that you've filed wrongly , client says like pass the journal entry as per amount filed by them.
No, client is wrong, you should pass journal entry on gross value
Sure sir thank you
Your welcome
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