GST TDS EXCEEDING VALUE RS,250000/-

195 views 1 replies

J.SINGH

ACCOUNTANT

66 Points Joined March 2012

DEAR SIR

We are a mfg co of apparels and sent a consignment exceeding Rs.250000/- while making payment to us they deducted 2% igst on the value of goods.

So I want to know if we sale of purchase above RS,250000/- does gst tds applies u/s CGST 51

and need to file gstr-7 monthly.

plz clear the matter what is CGST-51 RULE

REGARDS

Replies (1)

CA Sunil Kumar

Chartered Accountant

4524 Points Joined July 2014

Only following person are required to deduct GST tds if contract value is more than 2.5 lakhs:
1) state or Central govt department
2) local authority
3) govt agencies
4) board or corporation
5) Society
6) PSU
GST TDS apllicable on both Goods or services.