GST TDS For Govt Business
Is GST TDS applicable to govt business? We (govt body)are purchasing materials from GST registered firms and selling to customers like army and police Canteen. In this condition, GST TDS applicable or not. Please clarify.
Answer the questionYes TDS will be applicable on Govt. Body. TDS is to be deducted at the rate of 2 percent on payments made to the supplier of taxable goods and/or services, where the total value of such supply, under an individual contract, exceeds two lakh fifty thousand rupees. No deduction of Tax is required when the location of supplier and place of supply is different from the State of the registration of the recipient.