GST TDS on Provisions made
RAKESH KAMBLE (20 Points)
07 April 2020
Should GST TDS be deducted on the Provisions made in the books as on 31st March?
4 Replies
inderjeet saini
(227 Points)
Replied 08 April 2020
No!! TDS is deducted by the government departments while making the payment on supply of good or service or both.
RAKESH KAMBLE
(20 Points)
Replied 08 April 2020
PSUs have also been notified to deduct GST-TDS. Are they required to deduct GST TDS on the Provisions made in the books as on 31st March?
RAKESH KAMBLE
(20 Points)
Replied 08 April 2020
We have to make provison for expenses and create liability towards payments to supplier. Are we supposed to deduct GST TDS on this provisonal liability?
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