Tds on gst

This query is : Resolved

Chintan Kareliya (Querist)
Follow

29 October 2018 if rate contract has been executed between supplier and recipient for either providing goods and/or services or both where actual amount is not fixed and number of bills is raised as and when providing goods and/or services by supplier. In this situation, threshold limit of 2.5 lakh can not assumed to be cross during the period of contract. In that case , should recipient deduct TDS On GST???

RAJA P M

RAJA P M (Expert)
Follow

30 October 2018 GST TDS not applicable to all... It's only to govt and it's related organization...

Chintan Kareliya

Chintan Kareliya (Querist)
Follow

31 October 2018 Thank you sir your reply, but i want to know that if government and its related organization is recipient and execute rate contract between government and supplier, then should government and/or its related organization deduct tds on GST or not???

Upgrade to CAclubindia Pro. Subscribe Now!

VIJAY KUMAR

VIJAY KUMAR (Expert)
Follow

03 November 2018 Dear Chintan,
Liability of DDO to deduct TDS arises when Contract value exceeds Rs 2.5 lac, since in your case contract value is not fixed, wait till it crosses 2.5 lac, as soon as it crosses, TDS on entire amount paid till date shall be deducted from the immediate next payment. Answer is based on Query no. 23 given on SOP issued on GST website.