What is the TDS rate under GST?(1% or 2%).
Under which catogery TDS should be paid(CGST/SGST).
It is mentioned that TDS should be deducted only if total contract value is less than 2,50,000. Not invoice value. Please advise on how to calculate contract value for labour contractors? Or contract value is only for civil construction? Please advise on what is meaning of contract value under GST.
Thanks in advance.
Refer: gst/eflier-TDS-mechanism21062017
And tds-under-goods-and-service-tax
Thanks for the reply to my first post Sir.
I have already read both document and article but neither of them do not explain difference between contract value and invoice value.
It is said in the article that TDS to be paid for appropriate Government. So If Department is under state government then payment should be made under SGST. If Department is under state government then payment should be made under CGST(please clarify if it is wrong).
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