Vehicle Insurance GST Tds
Eswar Reddy S (CFO- at NHTF) (58275 Points)
07 May 2022
Is GST Tds applicable on payment made for vehicle insurance by Govt ?
4 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 08 May 2022
GST Tds applicability if total value exceeds 2.5lacs?
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 08 May 2022
GST TDS also not applicable.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 08 May 2022
But there is no such exemption under GST Tds .
General provision is , if govt organization is making payment exceeding 2.5lacs either for goods or services , GST Tds has to be deducted @ 2% (1+1%)
Vehicle insurance provider has given tax invoice
General provision is , if govt organization is making payment exceeding 2.5lacs either for goods or services , GST Tds has to be deducted @ 2% (1+1%)
Vehicle insurance provider has given tax invoice
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