TDS AND TCS UNDER GST

As per the provisions of TDS/TCS under GST, the persons as notified are required to deduct TDS/TCS befor making payment to service provider.

TCS:it is applicable on E-Commerce Operators.

TDS: It is applicable on:

1. Department or establishment of CG or SG;

2. Local Authority

3.. Government Agencies

4. any board or authority set up by an Act of Parliament or State Legislature;

5. Society established by CG/SG uner Society Registration Act

6. PSU.

Rate: TDS is to be deducted 1% each for CGST and SGST and 2% for IGST. TCS is at 0.5% each for CGST and SGST and 1% for IGST.