Tds on gst
This query is : Resolved
26 September 2017
Sir We are Govt. Org. we came to know that TDS has to be deduct on contracts which exceeds 2.5 lakhs.
Queries:
1. We are deducting TDS (IT - 94C) - 2% for GST again we have to deduct 2%(CGST&SGST) if contract value exceeds2.5 lakhs?
2. Threshold limit 2.5 lakhs are single contract or multiple contracts?
please clarify my doubts Sir Thanking you
Queries:
1. We are deducting TDS (IT - 94C) - 2% for GST again we have to deduct 2%(CGST&SGST) if contract value exceeds2.5 lakhs?
2. Threshold limit 2.5 lakhs are single contract or multiple contracts?
please clarify my doubts Sir Thanking you
26 September 2017
TDS under Income Tax Act and under GST Act are different.
TDS under GST Act is not yet in force. Registration of TCS and TDS service will be available on GST portal shortly.
TDS under GST Act is not yet in force. Registration of TCS and TDS service will be available on GST portal shortly.
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