Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Category of Documents

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

TDS under GST, Goods and Services Tax - GST

Issue Id: - 114201
Dated: 3-10-2018
By:- Durga Prasad
TDS under GST

  • Contents

Dear Sir,

Please Explain TDS Applicability for the Following Queries

1. Advance Amount Which is paid prior to 1 Oct for a Contract pertaining to on or after 1 Oct

2. Amount paid by way of Book Adjustments

3. If Out of Consideration say 10 Lakhs 9 Lakhs was received before 1 oct and balance was received on or after 1 Oct. Whether TDS shall be deducted on the 1 Lakh if Yes, then why we are deducting the TDS though it doesn't exceed threshold limit.

Post Reply

Posts / Replies

Showing Replies 1 to 4 of 4 Records

1 Dated: 3-10-2018
By:- DR.MARIAPPAN GOVINDARAJAN

TDS under GST is to be done by only Government authorities. Whether you are coming under this category?


2 Dated: 4-10-2018
By:- CA Karan

GST council has published the SOP on TDS. as per this document, the following transactions will not be liable to GST:

a) Where the payment relates to a tax invoice that has been issued before 01.10.2018.

b) Where any amount was paid in advance prior to 01.10.2018 and the tax invoice has been issued on or after 01.10.18, to the extent of advance payment made before 01.10.2018.

your 1st and 3rd query is answered accordingly.

regarding the second one, the book adjustment is a valid mode of payment and there is no restriction under TDS provisions for any mode of payment. thus, TDS will apply.


3 Dated: 4-10-2018
By:- Durga Prasad

Thank you so much Sir,

As you told GST Council had issued SOP, If you Don't mind could you share link of the same.


4 Dated: 5-10-2018
By:- Ganeshan Kalyani

I agree with Sri Mariappan Sir's reply.


1

Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map || ||