How to work out the TDs value on purchase of raw material? and taken loading charges, packing chares, fright etc including a purchase taxable value for find out TDS.
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Quick Summary
This discussion clarifies how to calculate Tax Deducted at Source (TDS) on the purchase value of raw materials. It explains that ancillary charges like loading, packing, and freight should be included in the taxable value for TDS deduction purposes. The consensus is that the total value on which GST is charged should be considered the taxable value for TDS.
Total value on which gst is charged should be considered as taxable value and same to be considered for TDS deduction. Taking into consideration provisions of composite supply all such ancillary charges are generally clubbed in the taxable value