basic amt-80
TDS @ 20%added in invoice-20
Total invoice value-100
Gst @ 18% on 80-14.4
Is the levy of gst valid?
shouldn't gst be charged on 100?
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Validity of transaction
Replies (4)
Right, TDS to be applied on total invoice value here
Yes, GST is applicable on basic amount and TDS also, you're right
Please note that recipient is NRI(I.e pan not available), then also answer remains same?
In case the payment is made to an NRI, tax to be deducted on the grossed up value. Also surcharge (if applicable) + SHEC @ 4% to be added to the basic rate of tax.
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