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Tds related query

deepak (PCS) (317 Points)

28 October 2019  

If bill gross amount is 1,00,000rs and gst is 18,000 and net bill amount 1,18,000rs then tds 10 percentage deduction applicable on 1,00,000 rs or 1,18,000??


 14 Replies

prasad Nilugal (Sr . Accountant and GST Practitioner . )   (7017 Points)
Replied 28 October 2019

TDS  is applicable  on 1,00,000/-  (one Lac )  

please confirm with  others also . 

Kumar Sushank (Asst. Manager - Accounts & Taxation)   (1039 Points)
Replied 28 October 2019

TDS would be deduct on 1,00,000/-

Komal Raut (2 Points)
Replied 28 October 2019

Tds would be deducted on Rs.100000/- and for ur kind information 1,18,000/- is a gross amt and 1,00,000 is a net amt so tds would be deducted on net amt i.e.100000

Rijo John (audit manager) (443 Points)
Replied 28 October 2019

TDS deduct only the value before GST

RAJA P M ("Do the Right Thing...!!!")   (115465 Points)
Replied 28 October 2019

Tds deductible on Basic/Assesable value only. Do not deductible in Tax (GST) value.

As per query TDS will be deductible on Rs 1,00,000/-...

MOHIT JAIN (ACCOUNTS) (47 Points)
Replied 29 October 2019

TDS is applicable before the taxation , (Base amount) . as per your Queery 10% TDS on 100,000 = 10.000/-

1,18,000-10,000 =1,08,000/- is payable

sabyasachi mukherjee (6718 Points)
Replied 30 October 2019

Deepak
you shall first know this
Gross bill is inclusive of taxes...
NOW HERE I SHOULD STATE THE FOLLOWING .
1. NATURE OF CONTRACT.
2. CATEGORY.
YOUR QUERY MUST BE UNAMBIGUOUS.

deepak (PCS) (317 Points)
Replied 30 October 2019

OtheR sources income and capital gain income is neccesary to mention in tax audit report?

deepak (PCS) (317 Points)
Replied 30 October 2019

Our client is providing professional services and net bill amount is 100000 and gst amount is 18000 and gross bill amount is 118000 so query is other person can deduct tds 10 percentage on 100000( net bill amount) before the make payment to our client?

Kapadia Pravin (17209 Points)
Replied 30 October 2019

TDS is deducted on bill amount (before GST) that is on 1 lakh. The query is clear cut and no ambiguity.
------
In reply by Sanyasachi
What for Nature of contract , category 😇😇

sabyasachi mukherjee (6718 Points)
Replied 10 November 2019

The nature of contract is necessary becoz
whether its professional services or subcontractor you should get to know.

Surjeet Negi (937 Points)
Replied 10 November 2019

No tax on gst...only one professional services

Mukesh Katara (Account manager) (483 Points)
Replied 10 November 2019

Yes agree tds on only 1,00,000

Kapadia Pravin (17209 Points)
Replied 14 November 2019

Sanyasachi, there is already mention in query- 10% and hence it's 194J by default

The query is not ambiguous .

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