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VAT TDS AND GST TDS DIFFERENCE

kumar (student) (248 Points)

17 August 2022

hi
what is the difference between gst and vat tds . anyone care to explain?

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2 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14903 Points)
Replied 17 August 2022

No Such concept of TDS under VAT regime in Maharashtra ( M Vat Act ) , like in GST TDS under section 51 of the CGST act, So no question of difference. Vat was State wise imposition on Goods only not on services .

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koti chunduri (47 Points)
Replied 17 August 2022

In erstwhile a.p. as well as present Telangana state there used to be tds under vat act from the works contractors. the basic difference is there is no amount limitation as in gst where it is 2.5 lacks and other basic difference is percentage which is 5 in vat 2in gst.