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GST TDS on Provisions made

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20 Points Posted on 07 April 2020
Should GST TDS be deducted on the Provisions made in the books as on 31st March?
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On 07 April 2020 at 15:12 Report
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227 Points Posted on 08 April 2020
No!! TDS is deducted by the government departments while making the payment on supply of good or service or both.
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On 08 April 2020 at 05:50
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20 Points Posted on 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?
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On 08 April 2020 at 08:21
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227 Points Posted on 08 April 2020
What to you mean by provision made of books
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On 08 April 2020 at 08:35
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20 Points Posted on 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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On 08 April 2020 at 10:24


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