GST TDS Refund

Jun 7, 2022 | Resources | 0 comments

Vide Notification No. 50/2018 – Central Tax dated 13th Sept 2018, TDS @ 2% is required to be deducted on payment made to the supplier of taxable goods or services of both where the value of such supply under a contract exceeds Rs. 2.5 Lakhs in certain circumstances. Section 51(8) of The CGST Act 2017 provides that a refund of TDS Credit is allowed.

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