On what Value tax to be deducted at source (TDS)

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..... On what Value tax to be deducted at source (TDS)
Query (Issue) Started By: - sridharan Visu Dated:- 16-8-2017 Last Reply Date:- 24-9-2017 Goods and Services Tax - GST
Got 5 Replies
GST
Hi all, We are man power supplying company (Except Security personnel we provide all kind of manpower) we are subjected to charge GST @18% My Doubt is when we raise our bill like mentioned below: Man .....

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..... power supply Charges 100000 SGST @ 9% 9000 CGST @ 9% 9000 Total value 118000 Here, the doubt is whether the recipient of service should deduct tax at source @ 2% on 100000 or 118000. Kindly Clarify my doubt. Thanks in advance:-) Rgds Sridharan Reply By KASTURI SETHI: The Reply: The value of supply shall be taken as the amount excluding CGST, SGST, IGST, UTSGST. TDS is i.e. on 100,000/- . .....

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..... Reply By Rajagopalan Ranganathan: The Reply: Sir, Section 51 of CGST Act, 2017 provides for 'Tax deduction at source. " However this section is not brought into force till today. Therefore the question of deduction of tax at source will not arise at present. Reply By Ganeshan Kalyani: The Reply: Dear Visu, please clarify whether you mean TDS of Income tax act or GST act. From your q .....

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..... uery i believe you are referring income tax tds. If it is correct then TDS will be deducted on basic value i.e. excluding GST. Reply By Hariharan Sundaram: The Reply: Views of Kalyanji is correct. As per CBDT circular 23/2017 dated 19th july modifying the earlier circular 1/2014, has clarified that wherever in terms of the agreement or contract between the payer and the payee, the component of .....

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..... 'GST on services' comprised in the amount payable to a resident is indicated separately, tax shall be deducted at source under Chapter XVIl-B of the Act on the amount paid or payable without including such 'GST on services' component. Reply By NAGAPEDDESWARARAO TIRUVEEDULA: The Reply: Dear sir, please note :- TDS is Deducted 2% on 1,00,000/- only for companies & TDS is Deducte .....

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..... d 1% on 1,00,000/- for Non-Companies Regards tnprao
Discussion Forum - Knowledge Sharing .....

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