Govt Department - tenant
Owner - URD
what the rent limit for GST TDS deduction annual ? single payment ?
TDS rate on rent ?
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GSTR7 TDS
Replies (6)
Quick Summary
Per contract 2.5lacs.
Generally GST Tds is applicable for works contract payments
Generally GST Tds is applicable for works contract payments
Minimum payment should be INR 2.5 lacs and Rate of tax is 2%, currently as , IGST in the case of interstate deductee and diducter,in other,case,1% CGST and 1% SGST.This deducted TDS,can be adjusted to the tax liability,as per availability in GSTR-2A,part-C.
It's not applicable to rent since it's not a works contract
@ Dear Eswar Reddy sir , what is mean by ex interest and cum interest........plse tell me sir
If the total rent of the contract period exceeds Rs 2.5 lakhs then GST TDS will be deducted but since you are URD then there is no GST applicable therefore TDS will also not be deducted
As per Section 51 , where the contract value is less then 2.5 lac , no TDS is to be deducted & As per Notification 9/2017 CT, supply from Unregistered supplier to govt is exempted & in term of section 51 tds is applicable only on TAXABLE supply of goods or services or both. Thus no TDS attracts.
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