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Tax deduction at source

Section 46 - Draft-Bills-Reports - PAYMENT OF TAX - Goods and Services Tax - Section 46 - 46. (1) Notwithstanding anything contained to the contrary in this Act, the Central or a State Government may mandate, - (a) a department or establishment of th .....

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n this section as the deductor ], to deduct tax at the rate of one percent from the payment made or credited to the supplier [hereinafter referred to in this section as the deductee ] of taxable goods and/or services, notified by the Central or a Sta .....

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t excluding the tax indicated in the invoice. (2) The amount deducted as tax under this section shall be paid to the account of the appropriate Government by the deductor within ten days after the end of the month in which such deduction is made, in .....

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s may be prescribed in this behalf. (4) If any deductor fails to furnish to the deductee the certificate, after deducting the tax at source, within five days of crediting the amount so deducted to the appropriate Government, the deductor shall be lia .....

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upees. (5) The deductee shall claim credit, in his electronic cash ledger, of the tax deducted and reflected in the return of the deductor furnished under sub-section (3) of section 34, in the manner prescribed. (6) If any deductor fails to pay to th .....

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