Gst collected by zilla parishad pune like wct
This query is : Resolved
03 December 2018
Sir/Madam
Pune ZP had deducted 2% for GST from RA bill, (not TDS)
just like WCT,
I cant understand why it is deducted
and how to charge GST to government department on RA bills for Works contract services
Pune ZP had deducted 2% for GST from RA bill, (not TDS)
just like WCT,
I cant understand why it is deducted
and how to charge GST to government department on RA bills for Works contract services
03 December 2018
Its TDS deducted .
TDS has been implemented from 1st October, 2018 as per the notification no. 50/2018 (Central) issued by the Govt of India .
As per this section, Govt Authorities are liable to deduct tax at source..They have to deduct tax at the rate of 2 percent( 1 percent CGST and 1 percent SGST in the case of intrastate supplies ; 2 percent IGST in the case of interstate supplies) from the payment made or the amount credited to the supplier ,where contract value , exceeds two lakh and fifty thousand rupees (excluding CGST, SGST, IGST, UTGST and Cess).
this 2 % deduction will be made from each payment ( Thats the reason authorities deducted 2 % tax from RA Bill also
TDS has been implemented from 1st October, 2018 as per the notification no. 50/2018 (Central) issued by the Govt of India .
As per this section, Govt Authorities are liable to deduct tax at source..They have to deduct tax at the rate of 2 percent( 1 percent CGST and 1 percent SGST in the case of intrastate supplies ; 2 percent IGST in the case of interstate supplies) from the payment made or the amount credited to the supplier ,where contract value , exceeds two lakh and fifty thousand rupees (excluding CGST, SGST, IGST, UTGST and Cess).
this 2 % deduction will be made from each payment ( Thats the reason authorities deducted 2 % tax from RA Bill also
04 December 2018
Madam,
as I have mentioned its not TDS, TDS has been deducted separately on RA bill and in addition too that extra 2% is deducted specifically mentioned as GST
as I have mentioned its not TDS, TDS has been deducted separately on RA bill and in addition too that extra 2% is deducted specifically mentioned as GST
04 December 2018
Deduction of 2% GST is not understood .
Government Authorities supposed to deduct 2 % TDS ( as per Sec 197 C of Income Tax Act and also deduct 2% ( 1 % CGST + 1 % SGST TDS ) on payments of contractors bill wherever total contract value exceeds Rs 250000/-
Government Authorities supposed to deduct 2 % TDS ( as per Sec 197 C of Income Tax Act and also deduct 2% ( 1 % CGST + 1 % SGST TDS ) on payments of contractors bill wherever total contract value exceeds Rs 250000/-
04 December 2018
I Tax is under sec 194C ( Not 197C)
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