TDS Provision applicable from 18th September 2017
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September 17, 2017
TDS Provision applicable from 18th September 20172017-09-17T18:00:12+05:30
GST News, GST-Beginners
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18th September 2017 is the day from which TDS provisions shall come into force by Notification No. 33/2017 – Central Tax and Section 51 of the Central Goods and Service Tax Shall be applicable. The rate of 1% has been specified in the act as the rate of TDS. However, a date from which the specified persons shall be liable to deduct tax is yet to be notified. GSTR-7 shall be filed by person deducting tax by 10th of the month following the month in which such deductions have been made.
Read the detailed flier issued by CBEC below:
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