Normally you can charge tds on gross amount
suppose you have done work from contractor(Company) of rs 200000 and gst rate 18% and tds rate @2% than you have to follow below entry
Expenses a/c..................dr 200000
CGST input a/c............dr.18000
SGST Input a/c................dr. 18000
To Party a/c................................236000
2. party a/c..........................dr.236000
to Tds Payable.....................4000
to Bank a/c.............................232000
Written on Aug. 26, 2017, 11:16 a.m.