9911796707
TMI BlogTDS Mechanism under GST - Section 51X X X X Extracts X X X X X X X X Extracts X X X X ..... ng held on 21.07.2018 recommended the introduction of TDS from 01.10.2018. Persons liable to deduct tax under GST Law Following would be the deductors of tax in GST under section 51 of the CGST Act, 2017 read with notification No. 33/2017-Central Tax dated 15.09.2017 (Superseded vide Notification No. 50/2018 - Central Tax dated 13-09-2018) As per the provisions of the GST Law, the following per ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... established by the Central/ State Government or a Local Authority under the Societies Registration Act,1860; (c) public sector undertakings. (d) any registered person receiving supplies of metal scrap falling under Chapters 72 to 81 in the First Schedule to the Customs Tariff Act, 1975, from other registered person. [ Inserted vide Notification No. 25/2024-Central Tax dated 09.10.2024, w.e.f. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act, except the person referred to in clause (d) of this notification. substituted vide Notification No. 25/2024-Central Tax dated 09.10.2024, w.e.f. 10.10.2024 ] Local authority: Section 2(69): "local authority" means * a "Panchayat" as defined in clause (d) of article 243 of the Constitution; * a "Municipality" as defined in clause (e) of article 243P of the Constitution; * a Municipal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DS. * A deductor in GST will be required to get registered and obtain a GSTIN [Goods & Services Tax Identification Number] as a TDS deductor even if he is separately registered as a supplier. * A deductor has to get himself registered through the portal www.gst.gov.in by using their PAN/TAN. The entire process is online. Goods or services liable for TDS * TDS is required to be deducted on a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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