Tds Deduction

kiran (accountant) (444 Points)

14 December 2018

can we deducting TDS on advance payment under GST act.

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8 Replies

Naveen Bhartia (63 Points)
Replied 14 December 2018

Yes.
Section 51 states any payment made under a contract if value of contract exceeds 2.5 lakh.

saurabh sawlani (Self employed ) (2191 Points)
Replied 14 December 2018

NO, Under Gst Their Is Nor Such Kind Of Provision

Naveen Bhartia (63 Points)
Replied 14 December 2018

Saurabh kindly check section 51 of CGST Act 2017 once and reply back.

saurabh sawlani (Self employed ) (2191 Points)
Replied 14 December 2018

Brother Naveen Bhartia section 51 applies only govt entity not for us plz read carefully

hp samantrai (217 Points)
Replied 15 December 2018

any payment that too govt entity

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 15 December 2018

No... No need to deduct tds under gst for advance or any other payments...

The TDS provisions applicable to govt and it's related entities.

Prajwal Shetty (Artical Assistent) (237 Points)
Replied 15 December 2018

Yes TDS provisions under Gst applicable only when the receipt is govt entity.

Naveen Bhartia (63 Points)
Replied 15 December 2018

Kindly take into consideration Notification No. 50/2018 – Central Tax.
And Kiran what type of entity are you talking about?

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