TDS on advance excluding GST
As per the law, TDS is not applicable on GST amount. When we book the invoice first, the system takes care of the basic amount and deducts TDS correctly. But when I make an advance payment, we want to exclude the GST component from that advance. I make the full payment and put the amount befor...
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New
TDS on amount higher than the actual payment
Increase in TDS base amount – We are doing a big expansion at a new site. We deduct the amount on account of retention from the vendor bills. for eg: If the bill is of 1 cr. and the retention deducted is Rs. 10 lac, we make payment of Rs. 90 lacs to the vendor but deduct TDS on Rs. 1 cr.
STATUS DETAILS
New