Tax Deducted at Source (TDS) under Goods and Services Tax

• January 30, 2021
• CA Chandan Agarwal's Office

We all are familiar with the word TDS (Tax Deducted at Source) in relation to Direct Tax, but few people are aware that similar term exists in Indirect Tax also.

The concept of Tax Deduction at Source (TDS) was there in the erstwhile VAT Laws. GST Law also mandates Tax Deduction at Source (TDS) vide Section 51 of the CGST/SGST Act 2017, Section 20 of the IGST Act, 2017 and Section 21 of the UTGST Act, 2017. GST Council in its 28th meeting held on 21.07.2018 recommended the introduction of TDS from 01.10.2018.

Read more on: https://taxguru.in/goods-and-service-tax/tax-deducted-source-tds-goods-services-tax.html