How can we deducted TDS on GST??
please describe briefly....
Surajit Karmakar (83 Points)
24 September 2017
Mujeeb Doi
(309 Points)
Replied 24 September 2017
MAYANK DHAWAN
(PARTNER)
(27 Points)
Replied 24 September 2017
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 24 September 2017
CBDT has clarified through Circular No. 23/2017 that if GST on services has been indicated separately in the invoice, then no tax would be deducted on GST component.
The central or state government may mandate the following enterprises to deduct TDS at the rate of 2% (1% SGST +1% CGST) from the payment made or credited to a supplier for the taxable supplies of value greater than Rs. 2.5 lakh. The limit of Rs. 2.5 lakh is for a single contract and not for aggregate value in a month or year.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
