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


Uttam Saha (TAX PROFESSIONAL)     25 January 2019

Uttam Saha
TAX PROFESSIONAL 
 2 likes  97 points

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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

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47,584/- (Net Bill)
 
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