can you please clarify, whether TDS to be deducted on the "Basic value" or "Total amount including GST" where invoice issued by supplier for the services provided by him under section 194C of income Tax Act.
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Quick Summary
This discussion seeks clarification on whether Tax Deducted at Source (TDS) under Section 194C of the Income Tax Act should be applied to the basic service value or the total invoice amount including GST. While some members suggest deducting TDS only on the value excluding GST, citing that tax on tax is not applicable, others are looking for explicit provisions in the Income Tax or GST laws to confirm this practice.