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Tds on hired car

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14 Points Posted on 09 September 2019
I'm working in govt Corp. I had paid travel agency for hired Car Rs.4930/- & GST 5% Total Bill Rs.4930 + 246.5=5176.5/-.
So which amount is applicable for TDS deduction? means Gst included or except?
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On 09 September 2019 at 20:30 Report
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525 Points Posted on 09 September 2019
TDS not to be deducted on GST Amount if u r eligible to deduct tax at source under any section.
further in your case, if you are in purview of 44AB then u need to deduct tax at source in 194I at 2% if total rent to be paid exceeds INR 2,40,000 as per finance act 2019.
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On 09 September 2019 at 20:39
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14 Points Posted on 09 September 2019
ok but without GST amount tds deduct 2% u/s 194c. is it correct?
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On 09 September 2019 at 21:53
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banglore
1496 Points Posted on 09 September 2019
1% if supplier is individual/HUF otherwise 2%
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On 09 September 2019 at 23:32
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17264 Points Posted on 09 September 2019
@ Pramod Raut

Hiring of vehicles does not fall within the ambit of Section 194C of the Act.

TDS requirement is under 194I @ 2% provided the aggregate payment exceeds 2.40 lakhs per year (limit applicable to each hiring party)

TDS on invoice value before GST component.
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On 09 September 2019 at 23:35
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Profession Business
28207 Points Posted on 10 September 2019
hiring of vehicle does not fall within the ambit of Sec 194C .
Inspite of all the limits organizations deduct tax at source.
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On 10 September 2019 at 08:29


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