LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

tds under gst

Rakesh Kalyani (124 Points)

24 March 2019

do we have to charge GST and then deduct tea or simply deduct tds on payment to contractor?

Reply
Follow
Share

6 Replies

Rakesh Kalyani (124 Points)
Replied 24 March 2019

gst should also be charged?

anirudh (student) (178 Points)
Replied 24 March 2019

gst should be charged by the contractor if he registered under gst and that service is a taxable service
As per income tax act you should deduct tds without considering get amount

pritesh (CA Final student) (7101 Points)
Replied 25 March 2019

TDs should be deducted only on assessable value

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 25 March 2019

As per the SOP on TDS (GST) released on CBIC site For purpose of deducting of TDS, the value of supply is to be taken as the amount excluding
the tax indicated on the invoice. This means TDS shall not be deducted on the CGST, SGST
or IGST component of invoice.

Rakesh Kalyani (124 Points)
Replied 25 March 2019

do i have to charge gst on Godown rent before deducting TDS? Everymonth we are paying Godown rent to a person for using his godown for our own business purpose?