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Tds under gst

JAYAKUMAR.M.G (PARTNER) (328 Points)

06 February 2019

Dear Experts

Kindly advice whether TDS under GST is applicable for Co Operative Societies, w.e.f.1-10-2018

Rgds

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3 Replies

KAAMIL AHAMADH (ACCOUNTING/TAX CONSULTANCY AND ITR/GSTR FILING) (253 Points)
Replied 06 February 2019

Hi !

As per Gst Act following Establishment has to deduct tds
A department or an establishment of the Central Government or State Government; or
Local authority; or

Governmental agencies; or

Such persons or category of persons as may be notified by the Government.

As per the latest Notification dated 13th September 2018, the following entities also need to deduct TDS-

An authority or a board or any other body which has been set up by Parliament or a State Legislature or by a government, with 51% equity ( control) owned by the government.

A society established by the Central or any State Government or a Local Authority and the society is registered under the Societies Registration Act, 1860.

Public sector undertakings.

so if trust/co-operative societies registered under Societies Registration Act,1860 then yes...

otherwise No...

Regards
KAAMIL AHAMADH

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Sanjiv Rajpoot (3430 Points)
Replied 06 February 2019

Person responsible for TDS

a) A department or establishment of Central Govt or State Govt, or local authority or Govt Agencies
b) An authority or a board or any other body which has been set up by Parliament or a State Legislature or by a government, with 51% equity (control) owned by the government
c) Society established by the Central Government or the State Government or a Local Authority under the Societies Registration Act, 1860
d) public sector undertakings (PSUs)

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