TMI BlogOn what Value tax to be deducted at source (TDS)X X X X Extracts X X X X X X X X Extracts X X X X ..... 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: Manpower supply Charges 100000 SGST @ 9% 9000 CGST @ 9% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 sha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll be taken as the amount excluding CGST, SGST, IGST, UTSGST. TDS is i.e. on 100,000/- . - 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 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Reply = Dear Visu, please clarify whether you mean TDS of Income tax act or GST act. From your query 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 c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... larified that wherever in terms of the agreement or contract between the payer and the payee, the component of '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 NAGAPEDDESWARAR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AO TIRUVEEDULA - The Reply = Dear sir, please note :- TDS is Deducted 2% on 1,00,000/- only for companies TDS is Deducted 1% on 1,00,000/- for Non-Companies Regards tnprao - On what Value tax to be deducted at source (TDS) - Query Started By: - sridharan Visu Dated:- 16-8-2017 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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
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