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TDS and TCS provisions under GST

The Central Board of Indirect Taxes and Customs Vide Notification No 50/2018 & 51/2018 – Central Tax dated 13th September, 2018 has notified that the provisions of Section 51 & 52 shall come into force from 1st October 2018.
Key provisions of Section 51:-
 Following people shall be required to deduct tax at source @2% ( CGST 1% + SGST 1%) on the payment made or credited to the supplier where the total value of supply under a contract exceed Rs.2,50,000/-excluding GST: -
(a) a department or establishment of the Central or State Government, or
(b) local authority, or
(c) governmental agencies, or
(d) such persons or category of persons as may be notified, by the Central or a State Government on the recommendations of the Council.
 The amount deducted shall be paid to the Government within ten days after the end of the month in which such deduction is made.
 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.
Key provisions of Section 52:-
 Every electronic commerce operator, shall collect tax at the rate of 1%( CGST 0.5% + SGST 0.5%) of the net value of taxable supplies made through it by other suppliers and the consideration with respect to such supplies is collected by the operator.
 The amount deducted shall be paid to the Government within ten days after the end of the month in which such deduction is made.


 http://cbic.gov.in/resources//htdocs-cbec/gst/notfctn-50-central-tax-english.pdf;jsessionid=11FB13296B64CDBE19D1028632E45674
 http://cbic.gov.in/resources//htdocs-cbec/gst/notfctn-51-central-tax-english-new.pdf;jsessionid=2C3518409B9139B711
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