9911796707
TMI BlogRequired Guidance & SuggestionsX X X X Extracts X X X X X X X X Extracts X X X X ..... I am a proprietor of a firm engaged in website and software development.I have following concerns regarding GST and TDS for which i am seeking guidance from fellow expert of the community; Question: is the following scenario correct ? | Am i eligible deductee for TDS ? - I have raised invoice to my client for ₹ 1,00,000 where service charge is ₹ 84745.76 and GST(@18%) is ₹ 15 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 254.24. - Client paid me ₹ 90,000 ; Deducted ₹ 10,000 as TDS @ 10 % rate It is to be noted that - The location of supplier and place of supply of service is different from the State where the recipient is registered.(I have read that TDS under GST regime is not applicable for intra state supply of service,is that true ?) - And,The client is eligible person to deduct TDS as his an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nual turnover is beyond ₹ 1 Cr. and is auditing his accounts. I may be sound foolish asking question but i am not aware of taxation web for business.Any help regarding will be appreciated. - Reply By Ganeshan Kalyani - The Reply = In my view your client has deducted TDS @10% under income tax. Such percentage of TDS is not there in GST . Also TDS under GST is deductible by the e commerce d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ealer. - Reply By Alkesh Jani - The Reply = Sir, In terms of Section 51 of CGST Act, 2017 any Govt. Department, local authority etc are liable to deduct tax at source (TDS) and in terms of Section 52 of CGST Act, 2017, the electronic commerce operator is required to collect the tax at source (TCS).. I agree with the reply given by the expert - Reply By KASTURI SETHI - The Reply = TDS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under GST has been deferred under till 31.3.18. At present E-Commerce operator deducts TCS @1 % (0.5 +0.5 CGST and SGST) under Section 52 of CGST Act, 17 . I support the views of both experts. The querist is advised not to call himself, sound foolish . On this forum even experts also ask questions. To quench your thirst of knowledge is neither sin nor offence from any stretch of imaginatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n. Rather, it is plus point for you or any person. - Reply By Mayur Patel - The Reply = I thank you all experts spared time for such a quick reply. What i understood is that client can deduct TDS for technical service provided on total bill amount inclusive of GST (Rs. 1,00,000 ) and not only on service charge ( ₹ 84745.76 ). - Reply By Ganeshan Kalyani - The Reply = TDS to be deduct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed on the amount before GST. - Reply By Ganeshan Kalyani - The Reply = I agree with Sri Kasturi Sir 's view. The fact is no man can know all. That to in indirect tax it is not easy beacuse of frequent changes that happens by way of notification. - Required Guidance & Suggestions - Query Started By: - Mayur Patel Dated:- 4-2-2018 Goods and Services Tax - GST - Got 6 Replies - GST - Disc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
