Goods and Services Tax – Started By: – SHUBHAM SHARMA – Dated:- 26-8-2017 Last Replied Date:- 26-8-2017 – SirAs the provisions for TDS and TCS has not been enabled by the GSTIN, so, how can they purchase goods / consumes services from persons who had been already migrated from VAT/ Service Tax to GST regime.So how should they proceed ? – Reply By SHUBHAM SHARMA – The Reply = In the above post they meant by persons who were liable to deduct TDS under VAT Law. – Reply By Rajagopalan Ranganathan – The Reply = Sir, TDS is governed by Section 51 and TCS is governed by Section 52 pf CGST Act, 2017. Both the sections are yet to be brought into force. Therefore GSTN has not enabled these provisions. As per Notification No. 1/2017-Central Tax dated
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
eived by a deductor under section 51 of the said Act, from any supplier, who is not registered, from the whole of the central tax leviable thereon under sub-section (4) of section 9 of the said Act, subject to the condition that the deductor is not liable to be registered otherwise than under sub-clause (vi) of section 24 of the said Act. – Reply By SHUBHAM SHARMA – The Reply = SirLet take the case of a State Government hospital who previously under the VAT regime purchases goods / consumes services from registered dealers under VAT for self consumption and deduct TDS thereon.But under GST as the provisons for TDS has not been enabled yet, how should they proceed now? – Reply By Himansu Sekhar – The Reply = Section 51 has not been enacted m
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
referred to as the deductee ) of taxable goods or services or both, where the total value of such supply, under a contract, exceeds two lakh and fifty thousand rupees: Provided that no deduction shall be made if the location of the supplier and the place of supply is in a State or Union territory which is different from the State or as the case may be, Union territory of registration of the recipient. Explanation.-For the purpose of deduction of tax specified above, the value of supply shall be taken as the amount excluding the central tax, State tax, Union territory tax, integrated tax and cess indicated in the invoice. If the hospital mentioned by you fall under any of the four categories mentioned above then they have to deduct tax at s
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =