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TDS CASE 194C

04 April 2023

HELLO GOOD MORNING EVERYONE
Sir mein ek accountant hu
Sir mera question yeh hai ki mujhe ek client ka tds katna hai aur us client ne mujhe bill issued karke diya hai do
so usne jo phle bill diya hai uska amount hai 30100
aur jo dusra bill hai diya hai uska amount hai 27800
toh sir mujhe yeh samjh nhi aa raha ki TDS kis bill amount per katna hai aur kitne amount per katna hai
pure 30100 pe
ya 27800 pe.
and make the journal entries also
please everyone.

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15 Replies

sabyasachi mukherjee (27334 Points)
Replied 04 April 2023

Always gross bill is the amount on which tds is deducted not on the amount inclusive of gdt.

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Gagan Kaushik (96 Points)
Replied 04 April 2023

Sir dono bill tds ke hai yeh

sabyasachi mukherjee (27334 Points)
Replied 05 April 2023

Do not charge gst on tds

CA Mayank A Jain (Chartered Accountant in Practice) (1260 Points)
Replied 05 April 2023

Aapko TDS basic value pe deduct karna hai. Matlab, invoice value excluding GST pe katna hai.

Agar 2 invoices hai, aur dono pe TDS applicable hai, toh dono pe TDS katna hai.

Gagan Kaushik (96 Points)
Replied 05 April 2023

But sir ek confusion hai vo yeh hai ki dusra bill jo hai 27800 ka us bill ne toh limit cross nhi ki 194C ke according toh is pe TDS Kaise applicable hoga

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CA Mayank A Jain (Chartered Accountant in Practice) (1260 Points)
Replied 05 April 2023

Agar pure saal mai Rs. 1lac cross nahi hua, toh 27800 ke bill pe TDS deduct karne ka requirement nahi hai.

Gagan Kaushik (96 Points)
Replied 05 April 2023

Ha sir pure saal me kaval do he bill raise hue hai
toh sir kaval ek pe he TDS deduct hoga na 30000 vale pe
aur i have a small request to you and everyone please pass the journal entries and every entire under which head in balance sheet

NARENDRA (ACCOUNTS MANAGER) (1892 Points)
Replied 05 April 2023

Expenses { Whatever ) A/c Dr.

To Tds Payable A/c

To Party/Supplier/Vendor A/c

Gagan Kaushik (96 Points)
Replied 05 April 2023

Okay sir but under which head in balance sheet
and jo expenses hai usme naam kya likhna hai

NARENDRA (ACCOUNTS MANAGER) (1892 Points)
Replied 05 April 2023

jo bhi kharcha rahega jaise agar labour charges hai to aap uske according expenses book karo , tds under provision & supplier under creditors .

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Gagan Kaushik (96 Points)
Replied 05 April 2023

Okay sir and thank you everyone but I have only one doubt Narendra sir 194C mein labour charges ke bare mein kabhi nhi suna toh sir please explain to me a little bit about that

NARENDRA (ACCOUNTS MANAGER) (1892 Points)
Replied 05 April 2023

Labour contract base par hai to under 194 c me hi aayega .

1 Like

Gagan Kaushik (96 Points)
Replied 05 April 2023

Hello Narendra Sir
Sir gst related questions hai please sir yeh aur explain kar dijiye
aur vo yeh hai.👇
1.Sir mera question hai gst se related ki agar mujhe kisi ko cash ka bill katna hai sales ka jis ke pass GST registration number nahi hota hai toh mein kitna tak ka kaat sakta hu.

2. Aur mere second question yeh hai ki agar mujhe kisi ko cash mein payment karni hai toh kitne Tak ki kr sakte hu.

3. Aur mera akhir questions yeh hai ki agar mujhe koi person cash main koi payment karta hai toh kitne amount tak mein cash receipt kar sakte hu.