Menu
Tds on GST
Whether there is any notification relating to TDS on GST recently.
Replies (6)
There is no such notification
On Oct 1 2018, there is such notification or circular, but I can't find out it in CBEC
Dear Remya,
Notification 50/2018 & 51/2018 Central Taxes dated 13th September 2018. TDS & TCS w.e.f. 1.10.2018
last notification 73/2018 CT , Psu to psu no tds applicable
how the tds to be deducted in case of gst
first of all who can deduct the tds .... so as per notification50/2018 ct & read with section 51 , govt dept., local authority, society establish by govt., public sector undertaking.
The tds is required to be deducted from the payment made supplier, if the total value of supply under a contract in respect of supply of TAXABLE GOODS OR SERVICES OR BOTH exceeds Rs.2.5 lac (this value shall exclude the taxes leviable under gst ie state tax, igst tax)
for more explanation kindly refer SOP on TDS at site cbec.gov.in
Recent Topic
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
Related Topics
CAclubindia
