Tds payment

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709 Points Joined January 2017
we book a space in event for products advertising....organizer said he don't wants
to deduct tds...can we make payment under reverse charge to him
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On 12 February 2020 at 13:12 Report
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128147 Points Joined January 2015
If You are under the TDS deductible provisions then You must be deduct TDS as per requirements of acts...
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On 12 February 2020 at 14:39
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709 Points Joined January 2017
But party said that he's not want to deduct tds and pay reverse Charge...
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On 12 February 2020 at 14:44
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128147 Points Joined January 2015
What is reverse charge??
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On 12 February 2020 at 14:46
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709 Points Joined January 2017
Tax paid by him against service we have used
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On 12 February 2020 at 14:47
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128147 Points Joined January 2015
Are You saying GST Tax (reverse)?
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On 12 February 2020 at 15:02
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709 Points Joined January 2017
Yes RCM
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On 12 February 2020 at 15:09
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128147 Points Joined January 2015
GST & Income Tax both are different and do not confusing with TDS matters...

You will deduct TDS on the value...
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On 12 February 2020 at 15:15
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709 Points Joined January 2017
But party said that we don't want to deduct tds you should pay RCM
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On 12 February 2020 at 15:17
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128147 Points Joined January 2015
Better to follow provisions, not for party's guidance...
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On 12 February 2020 at 15:19
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128147 Points Joined January 2015
RCM concept/rules is under GST.... TDS concept/rules is under Income Tax... Both are different taxation as IDT & DT. No more questions if provisions applicable...
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On 12 February 2020 at 15:22
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Chartered Accountant in Practice
692 Points Joined June 2009

TDS needs to be done by the person making payment since it gets covered u.s 194C of the IT act. 

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On 15 February 2020 at 22:40


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