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2% tds for govt dept
wt is tht 2% tds for govt dept ... is tht tax is payable apart frm gst.. is it applicable for the govt dept suppliers
Replies (3)
As per sec 51 of CGST govt and local authority should deduct TDS AT 1% UNDER CGST ON PURCHASE OF GOODS OR SERVICES HAVING VALUE OF MOREVTHAN 250000.
SO IT IS DEDUCTIBLE BY GOVT AND THE CREDIT OF TGE SAME WILL BE AVAILABLE TO SUPPLIER
SO IT IS DEDUCTIBLE BY GOVT AND THE CREDIT OF TGE SAME WILL BE AVAILABLE TO SUPPLIER
if its below 250000?
if it is less than 250000 p.a. to single govt/ local authority, than that department will not deduct TDS.
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