Tds deduction in gst

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2017 Dear Experts.
i have heard that on purchase of goods buyer will deduct TDS on payment made to supplier. pls clarify whether every buyer wil deduct TDS or is there any specified category of buyer & goods.

Thanks
Aashish

CA Shubhanshu Jain

CA Shubhanshu Jain (Expert)
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27 June 2017 TDS is applicable only in case of government contracts and that too if contract value is more than Rs. 250000

Amol S Joglekar

Amol S Joglekar (Expert)
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27 June 2017 As per the latest news, Govt has deferred the TDS for a smooth roll out.

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Amol S Joglekar

Amol S Joglekar (Expert)
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27 June 2017 http://www.cbec.gov.in/resources//htdocs-cbec/gst/eflier-TDS-mechanism21062017.pdf;jsessionid=A588E6207CB02DC30E9F65026CB7F14C

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