20 May 2021
If a bill from supplier/service provider contains both GST and assessee has deducted TDS also, then how much amount would be charged to P&L A/c :
Case 1: assessee may take the ITC Case 2: assessee isn't allowed to take ITC
Eg: A consultancy service has been received for Rs. 100000/- plus GST @ 18% is Rs. 18000/- and assessee has deducted TDS u/s 194J @10% Rs. 10000/-. Now at the time of finalizing books, what amount an assessee may transfer to P&L A/c under the head Consultancy Charges
CAclubindia
