GST Provisions for Tax Deducted at Source ( TDS ) have become applicable since 01-10-2018. Detailed analysis with section, rules, notifications and circulars is as under :
1. Who is liable to deduct TDS ?
The persons specified under clauses (a), (b) and (c) of section 51 (1) and persons notified under clause (d) of section 51 (1) of the CGST Act are liable to deduct tax at source. These persons are as under:
(a) a department or establishment of the Central Government or State Government; or
(b) local authority; or
(c) Governmental agencies; or
(d) notified vide notification no. 50/2018 – Central Tax dated 13-09-2018
(a) an authority or a board or any other body, –
(i) set up by an Act of Parliament or a State Legislature; or
(ii) established by any Government, with fifty-one per cent. or more participation by way of equity or control, to carry out any function;
(b) Society established by the Central Government or the State Government or a Local Authority under the Societies Registration Act, 1860 (21 of 1860);
(c) public sector undertakings.
Read more on: https://taxguru.in/goods-and-service-tax/gst-provisions-tds-detailed-analysis.html
© 2018 CA Chandan Agarwal. All rights reserved.