What are Duties of Deductee in GST
- Deductee is the person whose tds is deducted
- He shall Issue Bill and Collect Payment
- He shall also collect TDS Certificate for GST Deducted
- TDS Deducted will be automatically reflected in Electronic Cash Ledger
- He can claim Credit of TDS Deducted i.e. Reduce TDS from his GST Liability
GST Tax computation Example
Suppose
Output GST =10000,
Input GST=6000
TDS Deduced under GST =1% OF 10000=100
What is GST payable
View answer
In this case
Output GST=10000
Input GST-6000
GST PAYABLE=10000-6000=4000
Less TDS=100
Balance GST payable=4000-100=3900