The Public Works Department of Tamil Nadu makes a net payment of ₹3,70,000 to a supplier of cement in Andhra Pradesh on 22nd of February, 2021. This supply is subject to 18% GST. Calculate the amount to be deducted as TD
CS Professional · Advanced Tax Laws and Practice · PYQS · June 2021
The Public Works Department of Tamil Nadu makes a net payment of ₹3,70,000 to a supplier of cement in Andhra Pradesh on 22nd of February, 2021. This supply is subject to 18% GST. Calculate the amount to be deducted as TDS.
Answer & Explanation:
Rate of TDS is 1% of the net payment. Similarly 1% under the State GST laws. However if it is Interstate supply than @ 2%, Therefore, it is ₹3,70,000 x 2/100 = ₹7,400/- as in the present case, it is an inter state supply.
Topics: Central Goods and Services Tax Act, 2017 (CGST)
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