Whether TDS is to be deducted at the time of ADVANCE payment to vendor where GST bill will be received later?
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Tds in case of advance payment on gst bill
Replies (2)
IF YOU ARE PAYING ADV. PAYMENT THEN TDS NEED TO BE DEDUCTED,. AND THERE NO NEED OF GST BILL AS TDS NEED TO DEDUCT ON BASIC AMOUNT (EXCLUDING GST).
SO THERE WILL BE NO ISSUE IF YOU RECEIVE THE BILL LATER.
thanks for your reply.....can you refer the circular no. regarding advance payment
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