referring section-51 of cgst act, 2018, specified person are required to deduct TDS in case taxable value (excluding GST and Cess) of a "single contract" > 2.50 Lakh.
In above, what does SINGLE CONTRACT mean?
Does it meant value to total taxable supply during a year or value of supply Per Invoice or Per Purchase Order.?
request clarification.. thanks
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TDS under GST
Replies (3)
As per single purchase order.
thanks for your input. Contrary to this, the purpose of bringing TDS in GST will defeat. isn't it so?
I mean the buyer won't get into any Purchase Order or Service Order beyond 2.5 Lakh.
I mean the buyer won't get into any Purchase Order or Service Order beyond 2.5 Lakh.
No. Only high value contracts come under scanner. Smaller contractors spared...
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