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TAX DEDUCTED AT SOURCE (TDS) BELOW GOODS AND SERVICE TAX

TAX DEDUCTED AT SOURCE (TDS) BELOW GOODS AND SERVICE TAX

Submitted by • July 11, 2019 www.aiatindia.com

1. What is TDS?

Tax deducted at source (TDS) is one in all the ways that to gather tax supported sure percentages on the amount collectable by the receiver on goods/services. The collected tax could be a revenue for the government.

2. Who can be liable to deduct TDS under GST law?

A department or an establishment of the Central Government or State Government; or
Local authority; or
Governmental agencies; or
Such persons or category of persons as may be notified by the Government.
As per the most recent Notification dated 13th Sep 2018, the following entities also need to deduct

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