If one road transport company presents its invoice(invoice includes CGST,and SGST) for payment from the Local body, the authority in the local body has to deduct TDS on gst in the payment ? kindly clarify..
Value of supply under a contract in
respect of supply of taxable goods or services or both, exceeds
Rs. 2,50,000/- (Rupees two lakh and fifty thousand).
This value shall exclude the taxes leviable under GST (i.e. ‘Central
tax’, ‘State tax’, ‘UT tax’, ‘Integrated tax’ & Cess).
So in term of Section 51 CGST mandates govt to deduct TDS of vendor
CAclubindia
