Overview of TDS (Tax Deduction At Source) under GST

• February 24, 2020
• CA Chandan Agarwal's Office

What is GST TDS:- TDS stands for Tax deduction at Source. GST TDS (Tax deduction at Source) is different from TDS under Income Tax. The provisions of GST TDS are applicable w.e.f. 01 Oct 2018 (Notification No. 50/2018 dated 13 Sep 2018 )

If a transaction is covered under both GST and Income Tax Act, separate deductions will be made, separate returns, and separate TDS certificates will be issued under respective Act.

Persons Liable to Deduct GST TDS :- As per Section 51 of CGST Act 2017 following persons are liable to deduct GST TDS from the payment made of taxable Goods & services w.e.f 01 Oct 2018:-

Read more on: https://taxguru.in/goods-and-service-tax/overview-tds-tax-deduction-sourcegst.html