GST Tds on GST

prasad Nilugal

GST Practitioner & Accounts

15085 Points Posted on 13 March 2022

Threshold limit to deduct GST TDS is 2.50 Lacs as per section 51 of the CGST act , if you are GOVT department . please refer section 51of the CGST act.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 13 March 2022

GST tds is applicable .There are other invoices also .

How much is the amount based on above details ?

CA Altamush Zafar

GST Consultant

15986 Points Posted on 13 March 2022

Each invoice will be treated a separate contract if they are not under a single contract.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 13 March 2022

It will come under single contract for a particular FY as per the contract

CA Altamush Zafar

GST Consultant

15986 Points Posted on 13 March 2022

Is there a contract or are you considering that all invoices in a fy will be assumed to be a single contract?

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 13 March 2022

Yes..Total exceeds 2.5lacs .And you may answer based on this

Imthias ahamed Kormath

915 Points Posted on 13 March 2022

Value of Supply is- 250000 is limit ,not included gst in it,

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 13 March 2022

Is GST Tds on GST ITC ?

Find below input service ( Tax Invoice)

Base amount of contract : 200,000/-
GST on the above : (9%+9%): 36000/-

Total Invoice value : 236000/-

How much will be the GST Tds ?

Is it 360+360 ?

This is the query I have asked

Pankaj Rawat

GST Practitioner

55067 Points Posted on 14 March 2022

*No it will be 200+200

For the purpose of deduction of TDS, the value of supply shall
exclude the taxes leviable under GST (i.e. ‘Central tax’, ‘State tax’, ‘UT
tax’, ‘Integrated tax’ & Cess). Thus, no tax shall be deducted on
‘Central tax’, ‘State tax’, ‘UT tax’, ‘Integrated tax’ and cess component
levied on supply

* Moreover , if the contract value (Taxable supply) is less then 2.5 lac not required to deduct TDS.

(Reference : Section 51 & SOP on cbic site on TDS)