Determination of Taxable value under

[Sudhir Kumar]

How to determine the taxable value in TDS cases in GST. WHETHER the GST would be calculated on gross value charged including TDS of income tax, GST, Royalty etc

AI Summary

Clarification on TDS and GST: Only CGST, SGST/UTGST, IGST, and Cess are excluded from taxable value. A discussion on determining the taxable value in TDS cases under GST featured multiple replies. It was clarified that only CGST, SGST/UTGST, IGST, and Compensation Cess are excluded from the taxable value, not other deductions. For domestic transactions, TDS is part of the consideration, and GST is paid on it. In overseas transactions, TDS is not added to the value for GST computation under RCM. A CBDT circular states that if GST is shown separately, TDS is not deducted on the GST amount. An example invoice was provided to illustrate the calculation.