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TDS under GST

Goods and Services Tax - Started By: - Durga Prasad - Dated:- 3-10-2018 Last Replied Date:- 5-10-2018 - Dear Sir,Please Explain TDS Applicability for the Following Queries1. Advance Amount Which is paid prior to 1 Oct for a Contract pertaining to on or after 1 Oct2. Amount paid by way of Book Adjustments3. If Out of Consideration say 10 Lakhs 9 Lakhs was received before 1 oct and balance was recei .....

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ved on or after 1 Oct. Whether TDS shall be deducted on the 1 Lakh if Yes, then why we are deducting the TDS though it doesn't exceed threshold limit. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = is to be done by only Government authorities. Whether you are coming under this category? - Reply By CA Karan - The Reply = GST council has published the SOP on TDS. as per this document, the fo .....

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llowing transactions will not be liable to GST:a) Where the payment relates to a tax invoice that has been issued before 01.10.2018.b) Where any amount was paid in advance prior to 01.10.2018 and the tax invoice has been issued on or after 01.10.18, to the extent of advance payment made before 01.10.2018.your 1st and 3rd query is answered accordingly.regarding the second one, the book adjustment i .....

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s a valid mode of payment and there is no restriction under TDS provisions for any mode of payment. thus, TDS will apply. - Reply By Durga Prasad - The Reply = Thank you so much Sir,As you told GST Council had issued SOP, If you Don't mind could you share link of the same. - Reply By Ganeshan Kalyani - The Reply = I agree with Sri Mariappan Sir's reply. - Discussion-Forum - Knowledge Shari .....

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