we book a space in event for products advertising....organizer said he don't wants
to deduct tds...can we make payment under reverse charge to him
11 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 12 February 2020
If You are under the TDS deductible provisions then You must be deduct TDS as per requirements of acts...
SUMIT BADYAL
(709 Points)
Replied 12 February 2020
But party said that he's not want to deduct tds and pay reverse Charge...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 12 February 2020
What is reverse charge??
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 12 February 2020
Are You saying GST Tax (reverse)?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 12 February 2020
GST & Income Tax both are different and do not confusing with TDS matters...
You will deduct TDS on the value...
You will deduct TDS on the value...
SUMIT BADYAL
(709 Points)
Replied 12 February 2020
But party said that we don't want to deduct tds you should pay RCM
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 12 February 2020
Better to follow provisions, not for party's guidance...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 12 February 2020
RCM concept/rules is under GST.... TDS concept/rules is under Income Tax... Both are different taxation as IDT & DT. No more questions if provisions applicable...
CA Mukesh Jain S
(Chartered Accountant in Practice)
(692 Points)
Replied 15 February 2020
TDS needs to be done by the person making payment since it gets covered u.s 194C of the IT act.
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
