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TDS UNDER GST

pankaj kumar mishra (ACCOUNTANT) (167 Points)

27 September 2018

if any person supply goods to govt. sector in which already govt.organization deduced tds @ 2% (income tax sec 194c) and now w.e.f 01/10/2018 they have also deducted my tds in Gst
if yes that means my total tax deduced @ 4% i.e. @ 2%under direct tax & 2under indirect tac Gst
if any body know about this so please share your opinion

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12 Replies

RAJA P M ("Do the Right Thing...!!!") (127058 Points)
Replied 27 September 2018

Already deducted TDS based on Service Bills...

In GST it's to supply of Goods...

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 27 September 2018

In GST Tds is to be deducted by Govt. concern if the value of conract for supply GOODS or SERVICES exceeds 2.5 lac

Hence its on supply of services also . given below the extract from section 51

As per section 51 CGST Act
d] such persons or category of persons as may be notified by the Government on the recommendations of the Council, [hereafter in this section referred to as "the deductor"], 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:

So dear pankaj yes you are correct it will be 4% (But under gst tds attracts only when the value exceed 2.5lac)

pankaj kumar mishra (ACCOUNTANT) (167 Points)
Replied 28 September 2018

very very thanks sir
for solving my this query

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 30 September 2018

DEAR YOU ARE ALWAYS WELCOME

pankaj kumar mishra (ACCOUNTANT) (167 Points)
Replied 09 October 2018

dear pankaj ji
I have in a major problem please help me

f.y 2017-18 in my books of a/c show after computation gst 3b for the month of ITC 18 lac
and when. I export my balance sheet from the accounting software here the ITC show at liability side

I really confused sir kindly suggested me where we have to show the exsee ITC as on 31 .3.18
as liabilities side or assets side

I will be wait for your ASN.

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 10 October 2018

OFFCOURSE ASSETS SIDE

pankaj kumar mishra (ACCOUNTANT) (167 Points)
Replied 11 October 2018

again thanks a lot !!! sir

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 11 October 2018

YOU ARE ALWAYS WELCOME DEAR

pankaj kumar mishra (ACCOUNTANT) (167 Points)
Replied 21 November 2018

dear sir

if I supply goods Delhi to Nepal via road thru transport Delhi to Nepal

so it is treated as taxable supply or zero rated & exempt

if zero so with payment of tax or without payment of tax

but if we will show as zero rated so where t I will shown details of export in table 6a gstr01 form

Rakesh Bandal • 19 November 2018

As per Amendment it will not be treated as Export (i.e. Zero Rated ) and chargable to GST

Nepal and Bhutan are Landlock Countires

If wrong plz correct

T SHASIDAR (FINANACE MANAGER) (53 Points)
Replied 21 November 2018

Sir, Is GST TDS also be refundable or not...?

How can we post the transaction ...Please clarify sir

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 21 November 2018

@ T SHASIDAR , YES AS IT GET REFLECTED IN CASH LEDGER HENCE REFUND CAN BE CLAIM, FILE RFD 01 ON PORTAL

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 21 November 2018

Originally posted by : pankaj kumar mishra
	dear sirif I supply goods Delhi to Nepal via road thru transport Delhi to Nepal so it is treated as taxable supply or zero rated & exempt if zero so with payment of tax or without payment of taxbut if we will show as zero rated so where t I will shown details of export in table 6a gstr01 formRakesh Bandal • 19 November 2018As per Amendment it will not be treated as Export (i.e. Zero Rated ) and chargable to GSTNepal and Bhutan are Landlock CountiresIf wrong plz correct