Required Guidance & Suggestions
Query (Issue) Started By: – Mayur Patel Dated:- 4-2-2018 Last Reply Date:- 5-2-2018 Goods and Services Tax – GST
Got 6 Replies
GST
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 ₹ 15254.24.
– 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 di
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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 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 imagination. Rather, it is plus point for you or any person.
Reply By Mayur Patel:
The Reply:
I thank
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