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Determination of Taxable value under, Goods and Services Tax - GST |
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Determination of Taxable value under |
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How to determine the taxable value in TDS cases in GST. WHETHER the GST would be calculated on gross value charged including TDS of income tax, GST, Royalty etc
Posts / Replies Showing Replies 1 to 4 of 4 Records Page: 1
Only CGST, SGST/UTGST and IGST and Compensation Cess are to be excluded and no other deduction is allowed. See Explanation to Section 51 (1) of CGST Act.
Dear Sir I endorse the clarification with relevant provisions.
Is it a domestic transaction or a overseas transaction?
In case of domestic transaction TDS also part of consideration and GST to be paid thereon. In case it is an overseas transaction, while checking liability under RCM, TDS need not be added to value for computing GST since it is the service recipient's liability under IT Act. There are a few cases in this regard. Page: 1 |
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