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GST TDS

Satish kumar Shree Krishna Ele (5 Points)

18 November 2018

what is the gst TDS.

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Ravi SADhiyan (Practice) (4510 Points)
Replied 18 November 2018

Originally posted by : Satish kumar Shree Krishna Ele
	what is the gst TDS.

Tax deduction at source (‘TDS’) is a mechanism wherein the recipient of goods or services or both will deduct out of the amount payable to the supplier, an amount at a percentage of value of supply and deposit the same to the account of the Government
within the time prescribed

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B Vinay Reddy (Hyderabad ) (7842 Points)
Replied 18 November 2018

Hi Mr.Satish Kumar
pls refer below manual
https://www.gst.gov.in/newsandupdates/read/230

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Ravi SADhiyan (Practice) (4510 Points)
Replied 18 November 2018

TDS Circular_No.65

Guidelines for Deductions and Deposits of TDS by the DDO under GST

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 18 November 2018

As per section 51 CGST Act ,The Govt. Dept. is required to be deducted TDS from the payment made / credited
to a supplier, if the total value of supply under a contract in
respect of supply of taxable goods or services or both, exceeds
Rs. 2,50,000/- (Rupees two lakh and fifty thousand).
This value shall exclude the taxes leviable under GST (i.e. ‘Central
tax’, ‘State tax’, ‘UT tax’, ‘Integrated tax’ & Cess).