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Tds on GST
Whether there is any notification relating to TDS on GST recently.
Replies (6)
There is no such notification
On Oct 1 2018, there is such notification or circular, but I can't find out it in CBEC
Dear Remya,
Notification 50/2018 & 51/2018 Central Taxes dated 13th September 2018. TDS & TCS w.e.f. 1.10.2018
last notification 73/2018 CT , Psu to psu no tds applicable
how the tds to be deducted in case of gst
first of all who can deduct the tds .... so as per notification50/2018 ct & read with section 51 , govt dept., local authority, society establish by govt., public sector undertaking.
The tds is required to be deducted from the payment made supplier, if the total value of supply under a contract in respect of supply of TAXABLE GOODS OR SERVICES OR BOTH exceeds Rs.2.5 lac (this value shall exclude the taxes leviable under gst ie state tax, igst tax)
for more explanation kindly refer SOP on TDS at site cbec.gov.in
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