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    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 ________.
    A include; 7th of the following month Correct Answer Incorrect Answer
    B exclude; 7th of the following month Correct Answer Incorrect Answer
    C include; 10th of the following month Correct Answer Incorrect Answer
    D exclude; 10th of the following month Correct Answer Incorrect Answer
    E exclude; 20th of the following month Correct Answer Incorrect Answer

    Solution

    • 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).

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