basic amt-80
TDS @ 20%added in invoice-20
Total invoice value-100
Gst @ 18% on 80-14.4
Is the levy of gst valid?
shouldn't gst be charged on 100?
4 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 26 April 2021
Right, TDS to be applied on total invoice value here
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 26 April 2021
Yes, GST is applicable on basic amount and TDS also, you're right
Siddharth Kotecha
(62 Points)
Replied 26 April 2021
Please note that recipient is NRI(I.e pan not available), then also answer remains same?
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 26 April 2021
In case the payment is made to an NRI, tax to be deducted on the grossed up value. Also surcharge (if applicable) + SHEC @ 4% to be added to the basic rate of tax.
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