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TDS from Contractors
What about TDS by Govt Department s from Contractors, on account of GST/Service Tax. The Govt departments also have to get themselves registered?
Replies (2)
Departments established by CG/SG
Local authorities
Government agencies
persons notified by CG
Should deduct tax @ 1% if the actual value of supply of goods/services under a contract exceeds Rs. 2.5 lacks.
The actual value of supply to be considered after excluding CGST,IGST,SGST.
Local authorities
Government agencies
persons notified by CG
Should deduct tax @ 1% if the actual value of supply of goods/services under a contract exceeds Rs. 2.5 lacks.
The actual value of supply to be considered after excluding CGST,IGST,SGST.
For further clarifications refer " " section 51 : Tax Deducted at Source " of GST act.
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