TDS Calculation on GST(Indirect) Taxes...?

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... TDS Calculation on GST(Indirect) Taxes...?
Query (Issue) Started By: - srikanth reddy Dated:- 13-7-2017 Last Reply Date:- 22-7-2017 Income Tax
Got 9 Replies
Income Tax
Hi Team, Thanks for the given opportunity to write our doubts here.. Could you please confirm us whether the TDS tax should be deducted on GST indirect taxes (CGST/SGST/IGST) or not...? Regards, Srikanthreddy Reply .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... By SHIVKUMAR SHARMA: The Reply: Please refer Issue ID = 112310 . Reply By srikanth reddy: The Reply: Hi, Thanks for the reply, For the mentioned issue id, Both TDS and TCS are postponed under GST regime. Which means is TDS should be deducted on GST taxes..? Please clarify on the same, Since most of the business and software are under confusion whether we can deduct or not..? Regards, Sri .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... kanthreddy Reply By KASTURI SETHI: The Reply: Still postponed. It is still under consideration. Govt. may come out with some decision soon. Reply By srikanth reddy: The Reply: Hi Team, Thanks for the update. Sorry to ask again, Till the time shall we go head to deduct the TDS on GST taxes..? Regards, Srikanthreddy Reply By Ganeshan Kalyani: The Reply: With due respect to all, i would r .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... equest Sri Srikant Reddy to clarify his query. Whether he enquiring the TDS to be deducted under Income tax or the provision of TDS under GST. I understand his query would be whether TDS need to be deducted on net amount or on gross amount including GST. Pls clarify Sri Srikant. Reply By KASTURI SETHI: The Reply: Dear Querist, In this context, keep track on notifications/circulars being issued .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... daily by Govt.TMI displays these daily. Reply By srikanth reddy: The Reply: Hi Team, As per latest circular Circular No: 23/2017 issued on 19th July, it states that TDS would not be deducted on GST for Services but it does not mention any thing on Goods, So , could you please Clarify if the TDS would be deducted on Component of GST Taxes on Goods Thanks,Srikanth Reddy Reply By MARIAPPAN GOVI .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... NDARAJAN: The Reply: TDS for the purpose of income tax is not applicable to GST. GST is not includible. Reply By KASTURI SETHI: The Reply: Yes. Sir, both are separate.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X