GST TDS...

In GST, TDS 2%is required to be deducted on payment (1%cgst and 1%sgst. )inter-state supply(IGST 2%) - made to the supplier of taxable goods or service of both where the value of such supply under the contract exceeds 2.5Lakh. The provision of TDS on GST are applicable from 1st october2018(Notification No. 50/2018-Central Tax dated 30th september 2018.

GST TDS is applicable as per section 51 of CGST act and made effective from 1/10/2018 via Notification No. 50/2018 – Central Tax dated 13/09/2018.