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GST TDS

Kundan Mishra (251 Points)

14 January 2019

What is the difference between income tax TDS and GST TDS?

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Sanjiv Rajpoot (3430 Points)
Replied 14 January 2019

in gst only one rate i.e 1%
gst tds return file in gstr7
due date challan is next month 10th
cut off limit is 250000

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Vinod Babu (24191 Points)
Replied 14 January 2019

TDS relates to deduction of income tax and deposit the same against their PAN Number. It is governed under income tax act. Income Tax is a direct Tax.

GST is a separate law for the collection of indirect tax.

Both GST and TDS are totally different and their return filings are also separate.

Prior to the implementation of GST,Income tax has the concept of TDS.

In GST regime,TDS was introduced and Government notified the applicability from 1st Oct 2018.