Hi All,
I have few queries which are listed below. Please help.
1. Clarification about TDS applicability under GST regime. What are the status of various TDS sections under IT Acts which provides for deduction of TDS at appropriate rate after identifying the nature of service involved in the transactions. Please help with the status of most important TDS sections which are 194C, 194J, 194I.
2. Do we still need to raise different types of order (like PO, SO and WO) depending on the nature of contract.
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TDS under GST regime and nature of order copies.
Replies (5)
the above TDS sections are of Income Tax Act and will continue as it is.
no such order form is there in gst. only delivery challan, these order form are internally produce by firm not by law
@ Anisha thanks for your reply , plz also clarify that under gst scenario if taxable service is provided lets say of professional/technical service then the tds @ 10% will continue to be deducted.?
@ Preeti, yes I know that there are no such order copies prescribed under the tax laws. We used to issue different types of order bcz previously ther was clear distinction btwn goods, service and works contract but in gst no such distinctions are there infact now all are subject to CGST and SGST or IGST.
prakash thanks for information
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