TDS SHULB BE DEDUCTED

This discussion concerns the correct taxable amount for TDS (Tax Deducted at Source) under Section 94C for a welding service invoice. An initial invoice of Rs. 45,500 plus GST was issued. Subsequently, a credit note for Rs. 5,000 plus GST was raised due to some issues with the work. The core question is whether the 2% TDS should be calculated on the original invoice amount (Rs. 45,500) or the net amount after the credit note (Rs. 40,500). While ideally, it should be on the net amount, the time gap between the invoice and credit note can sometimes influence this, though deducting on the net amount is often considered for convenience.