TDS(DIRECT TAX) ON INVOICE BASIC VALUE OR INVOICE COMPLETE VALUE.

Same as earlier............... on basic value........ before GST........

Dear Rahul....

If any changes is there Govt also Notified. No more Changes No More notification from Govt

As on today no new notification issued under GST regime............ as rightly said by Mr. PM Raja.. ................. So, can consider the validity of the earlier circular no. 1/2014 dated 13.01.2014 till further notified........ which clearly states as under:

" 3. The matter has been examined afresh. In exercise of the powers conferred under section 119 of the Act, the Board has decided that wherever in terms of the agreement/contract between the payer and the payee, the service tax component comprised in the amount payable to a resident is indicated separately, tax shall be deducted at source under Chapter XVII-B of the Act on the amount paid/payable without including such service tax component."