Tds deduction in gst
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2017
Dear Experts.
i have heard that on purchase of goods buyer will deduct TDS on payment made to supplier. pls clarify whether every buyer wil deduct TDS or is there any specified category of buyer & goods.
Thanks
Aashish
i have heard that on purchase of goods buyer will deduct TDS on payment made to supplier. pls clarify whether every buyer wil deduct TDS or is there any specified category of buyer & goods.
Thanks
Aashish
CA Shubhanshu Jain
(Expert)
27 June 2017
TDS is applicable only in case of government contracts and that too if contract value is more than Rs. 250000
Amol S Joglekar
(Expert)
27 June 2017
As per the latest news, Govt has deferred the TDS for a smooth roll out.
Amol S Joglekar
(Expert)
27 June 2017
https://www.cbec.gov.in/resources//htdocs-cbec/gst/eflier-TDS-mechanism21062017.pdf;jsessionid=A588E6207CB02DC30E9F65026CB7F14C
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