Question

An invoice contains supply amount and CGST, SGST, cess, etc. For calculation of TDS to be deducted, the base amount will GST and the TDS deducted has to be deposited by the deductor by .

Q: Answer-An invoice contains supply amount and CGST, SGST, cess, etc. For calculation of TDS to be deducted,...

Under Income-tax Act TDS provisions, tax is deducted on the value excluding GST, since GST does not form part of income. The TDS deducted must be deposited with the government by the 7th day of the succeeding month except for March.

A include; 7th of the following month

B exclude; 7th of the following month

C include; 10th of the following month

D exclude; 10th of the following month

E exclude; 20th of the following month

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An invoice contains supply amount and CGST, SGST, cess, etc. For calculation of TDS to be deducted, the base amount will GST and the TDS deducted has to be deposited by the deductor by .

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An invoice contains supply amount and CGST, SGST, cess, etc. For calculation of TDS to be deducted, the base amount will ________ GST and the TDS deducted has to be deposited by the deductor by ________.

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An invoice contains supply amount and CGST, SGST, cess, etc. For calculation of TDS to be deducted, the base amount will GST and the TDS deducted has to be deposited by the deductor by .