13 June 2019
Case LD along with gst deducted from supplier in aug 2018. as of now the same deducted amount to be refunded amount is approx 3 lacs before tax. We are public sector and refund to be made to pvt owner. In the said cases whether gst tds applicable can any body tell this
14 June 2019
TDS on GST is applicable for payment to contractor where contract value exceeds Rs 2.50 lakhs .
(TDS is to be deducted at the rate of 2 percent on payments made to the supplier of taxable goods and/or services, where the total value of such supply, under an INDIVIDUAL CONTRACTS exceeds two lakh fifty thousand rupees. )
In my view ,TDS on GST is not applicable on refund of LD
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