GST What is TDS?

Discussion in 'GST (Goods & Service Tax)' started by Raju Choudhary, Apr 16, 2017.

  1. Raju Choudhary

    Raju Choudhary Active Member Staff Member

    TDS stands for Tax Deducted at Source (TDS). As per section 51, this provision is meant for Government and Government undertakings and other notified entities making contractual payments where total value of such supply under a contract exceeds Rs. 2.5 Lakhs to suppliers. While making any payments under such contracts, the concerned Government/authority shall deduct 1% of the total payment made and remit it into the appropriate GST account.
     

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