TDS if applicable in gst

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staff
125 Points Posted on 12 January 2021
one of taxpayer below 50 lacs turnover per annum , their give work conversion process to Mr A, but payment above rs. 2.50 lacs if tds applicable ?
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On 12 January 2021 at 18:48 Report
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This discussion clarifies the applicability of Tax Deducted at Source (TDS) for businesses with an annual turnover below 50 lakhs. If a payment exceeds Rs. 2.50 lakhs, TDS is applicable. Specifically, Section 194C mandates a TDS rate of 1% for CGST and 2% for SGST, totalling 3% on the payment.

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Chartered Accountant
24588 Points Posted on 12 January 2021
Yes 194C is applicable @ 1%
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On 12 January 2021 at 19:02
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Tax consultant
5895 Points Posted on 12 January 2021
Above 2.5lakh tds will be there as per 2 %
sgst 1% plus cgst 1%
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On 12 January 2021 at 19:18

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