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professional fees

Sumit Chaudhary (120 Points)

29 September 2017

if i pay professional fees then how to treat under gst how much tds deduct on professional fees

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8 Replies

Preeti (Team_GSTSoln) (Team GST Experts) (1926 Points)
Replied 29 September 2017

tds rate is 10% under 194j & u can take itc of gst paid

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RAJA P M ("Do the Right Thing...!!!") (128075 Points)
Replied 29 September 2017

If you received from URD then you ll be pay Tax under RCM basis...
If received from Registered dealer then you can get ITC...
Also you can deduct TDS on Professional Charges only (Basic value)..
TDS Rate @ 10% u/s 194J....

Sumit Chaudhary (120 Points)
Replied 29 September 2017

but I read in a article that tds under GST deduct 1% if payment maid to suppliers against any goods and services, if only payment to contractor Invoice value should be 250000 then I deduct 1% tds please explain what is fact?

RAJA P M ("Do the Right Thing...!!!") (128075 Points)
Replied 29 September 2017

Once again you read that article carefully...

Sumit Chaudhary (120 Points)
Replied 29 September 2017

this only for contractor you want to say but professional fees also comes goods and services

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RAJA P M ("Do the Right Thing...!!!") (128075 Points)
Replied 29 September 2017

You want to Say this.,
Difference between Contract and Services ....

Sumit Chaudhary (120 Points)
Replied 29 September 2017

but I search on Google tds professional fees under GST then only this article I get.

RAJA P M ("Do the Right Thing...!!!") (128075 Points)
Replied 29 September 2017

194J is not under GST. It's in IDT. But, GSTN/Previous VAT also collect TDS u/s 194J (IT) for works contract. It's also under service/Contract head....