CA Final/Inter Fast track classes available for May 20 attempt. Call: 1800-3000-0505

TDS to be deducted by trust regd 12AA


JIGNESH KRISHNAKANT KAPADIA (Senior Accountant)     29 February 2020

JIGNESH KRISHNAKANT KAPADIA
Senior Accountant 
 46 points

| My Other Post

Sir / Madam,

A trust who is reg. under 12AA and enjoying benefit of sec. 11 of income tax act.

My question is in case where trust has to deduct TDS on various payments with GST bills.

So for every bills which are subject to tds by trust has to deduct TDS as applicable under various sections before CGST/SGST and IGST amount.

Or trust has to deduct TDS on entire amount of bills falling under various category.

Jignesh Kapadia

 

 

SWAMINATHAN PILLAI   01 March 2020

SWAMINATHAN PILLAI

 2 points

View Profile | My Other Post

Yes....tds provision under gst is applicable

any payment having gross basic bill above 2.5 lakh will attract GST TDS..

JIGNESH KRISHNAKANT KAPADIA (Senior Accountant)     02 March 2020

JIGNESH KRISHNAKANT KAPADIA
Senior Accountant 
 46 points

View Profile | My Other Post

Sir,

I am not telling about tds under gst. I want to confirm whether tds would be applicable in case of trust on amount before applying CGST/SGST/IGST while raising bill(s) towards labour /AMC /Audit etc.. as case may be.

JIGNESH KRISHNAKANT KAPADIA (Senior Accountant)     02 March 2020

JIGNESH KRISHNAKANT KAPADIA
Senior Accountant 
 46 points

View Profile | My Other Post

Sir i am not telling TDS under GST regime. I want to have clarification(s) in case of TDS applicability in case of income tax act where deduction has to be made on labour / AMC/audit etc.. under income tax provisions. So deduction would be made on amount before applying CGST/SGST/OGST on such labour/MAC/Adutfees etc... whihc are subject to TDS under income tax act.

avater

CA SUDESH KUMAR GUPTA (Chartered Accountants)     30 March 2020

CA SUDESH KUMAR GUPTA
Chartered Accountants 
 103 likes  1372 points

View Profile | My Other Post

Dear JIGNESH KRISHNAKANT KAPADIA

Under TDS is applicable under Income Tax on the bill amount before CGST, SGST OR IGST .

 

suppose service charges   INR  100

IGST                                             18

Bill amount                                  118

 

Now tds has to deduct on INR 100 at rate applicable on that type of service 

 

avater

Spurto Consultancy Services (Consultant)     30 March 2020

Spurto Consultancy Services
Consultant 
 61 likes  1143 points

View Profile | My Other Post

TDS to be deducted on the invoice amount excluding GST. 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  




Popular Discussion


view more »