Is TDS deducted including GST?

If you're a taxpayer in India, you've likely heard of TDS (Tax Deducted at Source) and GST (Goods and Services Tax). These are two of the most important taxes that businesses and individuals must pay to the government. But, is TDS deducted including GST? Let's find out!

Firstly, let's understand what TDS and GST are. TDS is a tax that is deducted at the source of income, i.e., when a payment is made to a vendor or a contractor. The TDS amount is deducted as a percentage of the payment made and is remitted to the government. On the other hand, GST is a tax that is levied on the sale of goods and services. GST is added to the price of goods and services and is collected by businesses on behalf of the government.

Now, coming to the question at hand - is TDS deducted including GST? The answer is no. TDS and GST are two separate taxes and are calculated and deducted separately. TDS is calculated on the payment made to a vendor or a contractor, whereas GST is calculated on the sale of goods and services. Therefore, TDS and GST cannot be clubbed together.

In conclusion, TDS and GST are two separate taxes and cannot be deducted together. TDS is deducted on the payment made to a vendor or a contractor, whereas GST is calculated on the sale of goods and services. It is important to understand the difference between these two taxes to avoid any confusion while filing your tax returns.