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GST Question?

sachin mali (51 Points)

05 February 2019

Does the provision of TDS deduction apply to the co-operative society and trust according to the GST Act?

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KAAMIL AHAMADH (ACCOUNTING/TAX CONSULTANCY AND ITR/GSTR ) (253 Points)
Replied 06 February 2019

As per Gst Act following Establishment has to deduct tds
A department or an establishment of the Central Government or State Government; or
Local authority; or

Governmental agencies; or

Such persons or category of persons as may be notified by the Government.

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.

so if trust/co-operative societies registered under Societies Registration Act,1860 then yes...

otherwise No...

Regards
KAAMIL AHAMADH

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