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GST & TDS Related Inquiry

Umesh Bhise (119 Points)

06 July 2022

Dear Sir,
Why their is a GST and TDS Deduction also added in Service Invoice... please explain.

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Kesavaraj S (578 Points)
Replied 06 July 2022

It is mandatory to collect GST @ 18% on service Invoice and some of the service providers insist their customers to deduct TDS by mentioning it in the Invoice itself.So that their customers are clear that how much TDS is to deduct and service provider also clear on the TDS amount that is to be reflected in his Form 26AS...

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Umesh Bhise (119 Points)
Replied 06 July 2022

Sir, what is the benefits of form 26AS, can you explain it...

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CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 06 July 2022

You can check TDS details from 26AS whether deductor deposit the amount deducted from you income or not. Also you can check your payment details

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Kesavaraj S (578 Points)
Replied 06 July 2022

Form 26AS shows tax credit in respect of your PAN.ie,TDS,TCS and Advance Tax paid etc...

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