provision for tds

Sr. No.	Question	Answer
1	Relevant Section	Sec. 51 (CGST Act & SGST Act); Sec. 20 (IGST Act).
2	When to Deduct?	The specified class of person* shall be required to deduct tax at source on the payment made or credited to the supplier. where the total value of supply under a contract exceed Rs.2,50,000/-excluding GST.
3	Rate at which Deducted?	Intra State: 2% (CGST 1% + SGST 1%) or Inter State: 2% IGST
4	Form or Return to be Furnished?	Form GSTR – 7.
5	Due date to file Return?	Within 10th of succeeding month.
6	Due Date to Deposit TDS Under GST with the Government?	Within 10th of succeeding month in which TDS deducted.
7	TDS Certificate under GST:
a.	Who is required to issue TDS Certificate?	Deductor (the person who is deducting tax).
b.	Form?	Form GSTR-7A
c.	Due Date to Issue Certificate?	Within 5 days of crediting the amount to the Government.
d.	Late fees if not issued within Time?	Rs.200 per day (Rs.100 CGST + Rs.100 SGST) from the expiry of the 5th day till the certificate is issued.
8	When TDS not to be Deducted?	When both the place of supplier as well as the place of supply are different from that of the place of recipient. See Example Below **.