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Tds provisions under gst

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DEAR EXPERTS

WHAT IS THE TIME OF DEDUCTION OF TDS UNDER SEC 51 OF CGST ACT? 

SEC 51 (1) USES THE WORDS "FROM THE PAYMENT MADE OR CREDITED TO THE SUPPLIER". WHAT DOES CREDITED STANDS FOR HERE ?

ALSO , SINCE THERE IS NO MENTION OF PHRASE LIKE "WHICH EVER IS EARLIER" FOR ABOVE MENTIONED SCENARIOS , WHEN DEDUCTION SHOULD BE MADE?

 

Replies (2)
As per section 51 CGST Act :

to deduct tax at the rate of one per cent. from the PAYMENT made or credited to the supplier [hereafter in this section referred to as "the deductee"] of taxable goods or services or both, where the total value of such supply, under a contract, exceeds two lakh and fifty thousand rupees:


TDS is applicable only when the supplies are made to Govt. & as per section 51 cgst act only Govt is liable to deduct TDS when the contract value exceeds 2.5lac 

Dear Rohit,

My question is not about the apllicability of Sec 51 of CGST act, It is regarding time of deduction/payment and ambiguity in certain terms used in Sec 51. Please clarify me if possible.


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