TDS DEDUCTED ON WORK CONTRACT

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95 Points Posted on 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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On 27 October 2023 at 21:14 Report
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Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) should be applied to work contracts, specifically distinguishing between GST TDS and Income Tax TDS. It explains that only specified government entities are authorised to deduct GST TDS under Section 51 of the CGST Act if the taxable supply value exceeds £2.5 Lakhs. For other scenarios, the applicability of TDS needs to be assessed based on Income Tax regulations.

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Profession
28271 Points Posted on 28 October 2023
Explain
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On 28 October 2023 at 06:54
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95 Points Posted on 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.?
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On 28 October 2023 at 09:08
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Employee Private
1913 Points Posted on 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.

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On 30 October 2023 at 13:26
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95 Points Posted on 30 October 2023
Thanks a lot for guidance sir
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On 30 October 2023 at 16:03
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GST Practitioner & Accounts
15150 Points Posted on 30 October 2023
Is it GST TDS or Income tax TDS ?.
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On 30 October 2023 at 16:32
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95 Points Posted on 30 October 2023
GST TDS
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On 30 October 2023 at 20:50
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GST Practitioner & Accounts
15150 Points Posted on 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.
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On 31 October 2023 at 07:05

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