2 Replies
Harihar Mandal
(CA)
(504 Points)
Replied 26 September 2018
As per the provisions of TDS/TCS under GST, the persons as notified are required to deduct TDS/TCS befor making payment to service provider.
TCS:it is applicable on E-Commerce Operators.
TDS: It is applicable on:
1. Department or establishment of CG or SG;
2. Local Authority
3.. Government Agencies
4. any board or authority set up by an Act of Parliament or State Legislature;
5. Society established by CG/SG uner Society Registration Act
6. PSU.
Rate: TDS is to be deducted 1% each for CGST and SGST and 2% for IGST. TCS is at 0.5% each for CGST and SGST and 1% for IGST.
subhagan sreerangam
(7054 Points)
Replied 26 September 2018
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