project report

Short answer: If GST is shown separately on the invoice, deduct TDS on the amount excluding GST. CBDT Circular No. 23/2017 (19 July 2017) says this for payments such as contractor, professional, and technical fees, commission, and rent, and Circular No. 13/2021 says the same for TDS on the purchase of goods under Section 194Q. If the invoice shows only a GST-inclusive total with no break-up, TDS is generally deducted on the full amount. Every month, account teams stare at the same invoice: a base fee, GST at 18 percent, and a total. The question is simple, and a wrong answer is expensive. Deduct on the total and the vendor is short-paid; deduct on too little, and the payer faces interest and disallowance. Sharda Associates is a CA-led firm that has prepared over 45,500 CA-certified project reports. Lenders and auditors read TDS and GST figures together, so we treat a correct TDS base as a basic hygiene point in a business's books. This guide gives the rule, a worked example, the ...

Short Answer Yes, it can happen. A sanctioned amount is the maximum the bank has approved, and the bank releases money based on actual cost, documents, security and compliance with sanction conditions. If the invoice is lower than the estimate, the valuation or security is lower than expected, or a condition is not met, the bank may disburse less than the sanctioned amount. Check the sanction letter and loan agreement, and ask the bank for the reason in writing. Introduction Many borrowers assume the sanctioned amount will arrive in full. When the bank releases a lower amount, it comes as a shock, especially if machinery orders or supplier commitments are already in place. In most cases, the reduction is not random. It usually follows from how the sanction was structured: the bank finances a share of the actual project cost, and the final amount depends on invoices, valuation, margin money and conditions precedent. The sanction letter and loan agreement are the final reference. At Shar...