TDS on GST
Hemanta Samal (93 Points)
07 February 2019
Is tds on gst liable to be deducted on supply from one Govt. department, PSU to another Govt. deartment ,PSU.
5 Replies
KAAMIL AHAMADH
(ACCOUNTING/TAX CONSULTANCY AND ITR/GSTR FILING)
(253 Points)
Replied 07 February 2019
Hi !
CBIC exempt supply of Goods and Services from PSU to PSU from applicability of provisions relating to TDS vide Notification No. 61/2018 – Central Tax Dated 5th November, 2018.
Regards
KAAMIL AHAMADH
CBIC exempt supply of Goods and Services from PSU to PSU from applicability of provisions relating to TDS vide Notification No. 61/2018 – Central Tax Dated 5th November, 2018.
Regards
KAAMIL AHAMADH
Hemanta Samal
(93 Points)
Replied 07 February 2019
If supply made from Central govt. to state govt. or one govt. department to another govt. department, is tds provision applicable?
KAAMIL AHAMADH
(ACCOUNTING/TAX CONSULTANCY AND ITR/GSTR FILING)
(253 Points)
Replied 07 February 2019
As per latest Notification,
The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification exempting supplies made by Government Departments and PSUs to other Government Departments and vice-versa from TDS.
The notification issued amended the earlier notification No. 50/2018- Central Tax by inserting the following words “Provided also that nothing in this notification shall apply to the supply of goods or services or both which takes place between one person to another person specified under clauses (a), (b), (c) and (d) of sub-section (1) of section 51 of the said Act.”.
Regards
KAAMIL AHAMADH
The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification exempting supplies made by Government Departments and PSUs to other Government Departments and vice-versa from TDS.
The notification issued amended the earlier notification No. 50/2018- Central Tax by inserting the following words “Provided also that nothing in this notification shall apply to the supply of goods or services or both which takes place between one person to another person specified under clauses (a), (b), (c) and (d) of sub-section (1) of section 51 of the said Act.”.
Regards
KAAMIL AHAMADH
Hemanta Samal
(93 Points)
Replied 07 February 2019
Respected Kaamil Sir, will u please give me the later notification no which amended the earlier notification No 50/2018 related to tds on gst.
KAAMIL AHAMADH
(ACCOUNTING/TAX CONSULTANCY AND ITR/GSTR FILING)
(253 Points)
Replied 07 February 2019
Notification No. 73/2018...
Recent Topics
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
Related Threads
CAclubindia
