TDs concept pls explain
sale electrical material rs.300000 inculding in gst .how muh TDs deducted
6 Replies
shiva ramanjeneyulu
(student)
(63 Points)
Replied 14 September 2018
Hi can you please check as any supplies in which transaction exceeds 250000, then TDS is applicable
(Guest)
सेंट्रल GST (CGST) एक्ट के तहत नोटिफाइड एंटिटीज को अब 2.5 लाख रुपए से ज्यादा के गुड्स और सर्विसेस की सप्लाई पर 1 फीसदी TDS कलेक्ट करना होगा। इसके साथ ही राज्यों को भी अब राज्य कानूनों के अंतर्गत 1 फीसदी टीडीएस लगाना होगा।
ई-कॉमर्स कंपनियों को कलेक्ट करना होगा 1 फीसदी टीसीएसवहीं ई-कॉमर्स कंपनियों को जीएसटी के अंतर्गत सप्लायर्स को किसी भी तरह का पेमेंट करते समय 1 फीसदी टीसीएस कलेक्ट करने की जरूरत होगी। राज्य भी स्टेट जीएसटी (SGST) के अंतर्गत 1 फीसदी टीसीएस वसूल सकते हैं।
shiva ramanjeneyulu
(student)
(63 Points)
Replied 15 September 2018
Please provide in English to make myself clear
(Guest)
Under the Central GST (CGST) Act, Notified Entities will now have to collect 1% TDS on supply of goods and services exceeding 2.5 lakh rupees. With this, the states will now have to get 1% TDS under state laws. E-commerce companies will have to collect 1 percent of TCS only e-commerce companies need to collect 1 percent TCS while making any kind of payment to the suppliers under GST. States can also get 1 percent TCS under State GST (SGST).
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