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
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
As per my opinion we can take recourse of government circular released on 13 January 2014 and deduct TDS exclusive of GST
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 )
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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