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TDS DEDUCTED ON WORK CONTRACT

27 October 2023

respected sir is an individual contractor deducts @ 2% TDS of GST on his individual sub contractor during making payment ?

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7 Replies

sabyasachi mukherjee (27730 Points)
Replied 28 October 2023

Explain

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Azhar Ansari (95 Points)
Replied 28 October 2023

If mr.x is working in my company as a sub contractor and I have made payment of rs. 50 lakh then can I Diduct TDs of2% on payment.?

Rajendra Prasad (Employee Private) (1901 Points)
Replied 30 October 2023

Only Central Government, State Government, Local Authority, Government entities and Government authorities only has to deduct GST TDS.

Other than the above not required to deduct GST TDS.

Azhar Ansari (95 Points)
Replied 30 October 2023

Thanks a lot for guidance sir

prasad Nilugal ( GST Practitioner & Accounts ) (14868 Points)
Replied 30 October 2023

Is it GST TDS or Income tax TDS ?.

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Azhar Ansari (95 Points)
Replied 30 October 2023

GST TDS

prasad Nilugal ( GST Practitioner & Accounts ) (14868 Points)
Replied 31 October 2023

In Case of GST TDS ,as per section 51 of the CGST Act , only Government Authorities given below Can deduct TDS ,if taxable supply made to Government under contract value exceeds 2.5 Lacs by the supplier.

Central and Sate Government
Local Authorities
Government Agencies
person or Category of persons notified by the Government.