Tds on Transport in Gst is applicable or not , if applicable with effect from what is the procedure to deduct, payment , Return filing and how to rectify if filed returns.
Regular taxpayers under GST are not required to deduct tax at source while making GST payments. Only the following types of taxpayers are required to comply with GST TDS provisions:
Department or an establishment of the Central Government or State Government; Local authority; Governmental Agencies; Any other persons or category of persons as notified by the Government on the recommendations of the GST Council.
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.
30 January 2019
Sir, Thank you for your reply, we will get some transport bills only amount they will not mention gst anywhere such type of bills how to pay whether we have to deduct.
CAclubindia
