The Reserve Bank of India (RBI) is a statutory body constituted under the RBI Act, 1934. There are certain companies that are wholly owned subsidiaries of RBI (incorporated as Section 8 companies/private limited companies).
For the purpose of GST TDS applicability under Section 51 read with Notification No. 50/2018 – Central Tax dated 13.09.2018, should RBI and its 100% owned subsidiary companies be treated as “Government entities / Government-controlled bodies / PSUs”?
looking for clarity regarding GST TDS applicability under Section 51 of the CGST Act.please clarify me
CAclubindia
