Work constructor

Akshay Jain

Tax Consultant

1024 Points Posted on 21 August 2019

You have to calculate Excluding the GST.
10000+12% GST
as if this is an government contract, then you will get 2% TDS cutted at the time of billing of the contract which would you get in your cash ledger after filling TDS TCS return.

BasavaRaja Hlk

34 Points Posted on 21 August 2019

TDS 2%CUTTED remaing 10% how to calculated

Akshay Jain

Tax Consultant

1024 Points Posted on 21 August 2019

you have to calculate GST 12% at the time of issuing bill and uploading on portal.

Example (Taxable amount+(12% of Taxable amount)) means (10000+(12% of 10000)=11200)

2% GST TDS will auto credited after you will file your GST - TDS TCS return.

BasavaRaja Hlk

34 Points Posted on 21 August 2019

thanks sir

Akshay Jain

Tax Consultant

1024 Points Posted on 21 August 2019

Your Welcome

BasavaRaja Hlk

34 Points Posted on 21 August 2019

thanks sir

MD HUSSAIN

195 Points Posted on 21 August 2019

how to get taxable amount .....if gross is 10000

Akshay Jain

Tax Consultant

1024 Points Posted on 21 August 2019

Your gross is your Taxable Amount i.e. 10000

Pankaj Rawat

GST Practitioner

55067 Points Posted on 21 August 2019

Dear MD Hussain

First of all check your Contract Agreement Letter , whether supplyof good is inclusive of GST or excluding GST.

If inclusive of GST : Then Taxable Amount will be Rs .8929 & GST will be 1071/- & TDS will be deducted on 8929/-

If excluding .of GST : Then Taxable Amount will be Rs.10000/- & GST will be 1200/- & TDS will be deducted on 10000/-