Is GST Tds on GST ITC ?
Find below input service ( Tax Invoice)
Base amount of contract : 200,000/-
GST on the above : (9%+9%): 36000/-
Total Invoice value : 236000/-
How much will be the GST Tds ?
Is it 360+360 ?
23 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 13 March 2022
Threshold limit to deduct GST TDS is 2.50 Lacs as per section 51 of the CGST act , if you are GOVT department . please refer section 51of the CGST act.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 13 March 2022
GST tds is applicable .There are other invoices also .
How much is the amount based on above details ?
How much is the amount based on above details ?
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 13 March 2022
Each invoice will be treated a separate contract if they are not under a single contract.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 13 March 2022
It will come under single contract for a particular FY as per the contract
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 13 March 2022
Is there a contract or are you considering that all invoices in a fy will be assumed to be a single contract?
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 13 March 2022
Yes..Total exceeds 2.5lacs .And you may answer based on this
Imthias ahamed Kormath
(910 Points)
Replied 13 March 2022
Value of Supply is- 250000 is limit ,not included gst in it,
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 13 March 2022
Is GST Tds on GST ITC ?
Find below input service ( Tax Invoice)
Base amount of contract : 200,000/-
GST on the above : (9%+9%): 36000/-
Total Invoice value : 236000/-
How much will be the GST Tds ?
Is it 360+360 ?
This is the query I have asked
Find below input service ( Tax Invoice)
Base amount of contract : 200,000/-
GST on the above : (9%+9%): 36000/-
Total Invoice value : 236000/-
How much will be the GST Tds ?
Is it 360+360 ?
This is the query I have asked
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 14 March 2022
*No it will be 200+200
For the purpose of deduction of TDS, the value of supply shall
exclude the taxes leviable under GST (i.e. ‘Central tax’, ‘State tax’, ‘UT
tax’, ‘Integrated tax’ & Cess). Thus, no tax shall be deducted on
‘Central tax’, ‘State tax’, ‘UT tax’, ‘Integrated tax’ and cess component
levied on supply
* Moreover , if the contract value (Taxable supply) is less then 2.5 lac not required to deduct TDS.
(Reference : Section 51 & SOP on cbic site on TDS)
For the purpose of deduction of TDS, the value of supply shall
exclude the taxes leviable under GST (i.e. ‘Central tax’, ‘State tax’, ‘UT
tax’, ‘Integrated tax’ & Cess). Thus, no tax shall be deducted on
‘Central tax’, ‘State tax’, ‘UT tax’, ‘Integrated tax’ and cess component
levied on supply
* Moreover , if the contract value (Taxable supply) is less then 2.5 lac not required to deduct TDS.
(Reference : Section 51 & SOP on cbic site on TDS)
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 14 March 2022
Total contract value is above 10lacs
Imthias ahamed Kormath
(910 Points)
Replied 14 March 2022
It will b single contracts,dedutor is Govt department.Dedustee may b it shown seperatly in his return.Tax already deducted at source.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 14 March 2022
Kindly give answer to the question raised above
Rajendra Prasad
(Employee Private)
(1867 Points)
Replied 14 March 2022
GST TDS has to be deducted @ 2% (CGST 1% + SGST 1%) on taxable value.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 14 March 2022
Dear Eswar Reddy
Its already being clarified ...>2.5lac require tds to be deducted.
hence deduct the TDS
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