CA Loan Bajaj Finserv
CA Final Online Classes
CA Loan Bajaj Finserv

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Tds to be deducted under it & gst on a gst bill with example - clarification sought

Uttam Saha (TAX PROFESSIONAL)     25 January 2019

Uttam Saha
 2 likes  97 points

| My Other Post

In case we have a bill with a Basic Amount @ 47,584.00/-

Add: CGST (9%) + SGST (9%)  = 8,565.12/- ( @ 4282.56 each)

Total Bill after Tax = 56,149.12/-

Total Bill after Round off = 56,149/-

TDS under GST is to be deducted @ 1% of Basic Amount (47,584.00, i.e. 475.84) for both CGST & SGST each.

Under TDS for IT assuming the payment is to be made to a company - the deduction to contractor to be @ 2% of  56,149/-(Gross Bill) or 47,584/- (Net Bill)? 

Please provide the relevant circular if available or information source .

Dhirajlal Rambhia

Dhirajlal Rambhia (KVO Merau Kutchh)     27 January 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9248 likes  93445 points

View Profile | My Other Post
47,584/- (Net Bill)
1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads


Trending Tags