Hi, Need help anyone
Is TDS on GST applicable on Insurance Premium renewal of students. If the Invoice amount is more than 2.5 lakh without including GST 18%. And if the Insurance Company is Govt.
Thanks.
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TDS on GST
Replies (7)
Kindly clarify the who is taking the insurance ???? whether registered in GST ???
Our Institute is taking insurance & yes we are registered with GST
No TDS is not applicable.
As per Section 51 of CGST Act TDS GST is applicable :
If the Recepeint is Govt concern availing services or goods from Registered person.
Hence in your case you are the Recepeint of services so no GST TDS liability arises
As per Section 51 of CGST Act TDS GST is applicable :
If the Recepeint is Govt concern availing services or goods from Registered person.
Hence in your case you are the Recepeint of services so no GST TDS liability arises
How to accept Tds Gst credit in Gst portal?
Thank you sir.
So we cannot deduct TDS GST/IGST from the Invoice amount of Insurance premium.
No........ Not required
Thank you so much,.........
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