Prior to GST we need not to deduct TDS on Service tax added on rent
What is the clause under GST for TDS on rent
For example :
Rent Rs.100000/-
GST18% Rs. 18000/-
Total Rs. 118000/-
Being a registered dealer on which amount I have to deduct TDS now
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Tds on rent with gst
Replies (6)
As per my opinion we can take recourse of government circular released on 13 January 2014 and deduct TDS exclusive of GST
TDS should be deducted on service portion not on gst amount
in above example 100000 @ 10% (u/s 194i)
in above example 100000 @ 10% (u/s 194i)
if rent is taxable then whats
TDS is deducted on a assessee's Income. Gst is collected and paid to govt. hence no TDS required. Circular on Jan 2014 can also be relied upon.
if rent is 300000 per month
For Example :
Rent = 1,00,000/-
GST = 18,000/- ( 18% on Rent )
Total with GST = 1,18,000/-
TDS = 10,000/- ( 10% on Only on Rent i.e. 1,00,000/- , Not from GST amount)
Now Total Payable Rent is = 1,08,000/- ( with GST addition & TDS deduction on Rent Amount )
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