Plr Projects Manager Interview Questions and Answers for Experienced

GST on sub contracts refers to the Goods and Services Tax applicable on subcontracting services.

• GST is a consumption tax levied on the supply of goods and services in many countries.

• Subcontracting refers to the practice of hiring another company or individual to perform specific tasks or services on behalf of the main contractor.

• In the context of sub contracts, GST is typically applicable on the value of the subcontrac...read more

TDS on sub contracts refers to the tax deduction at source on payments made to subcontractors.

• TDS on sub contracts is a provision under the Income Tax Act where the person making payment to a subcontractor deducts a certain percentage as tax before making the payment.

• The deducted tax is then deposited with the government on behalf of the subcontractor.

• The subcontractor can claim credit for the tax deducted at source wh...read more