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of <h1>Section 37 GST Law: Tax Deduction at Source Mandated for Payments Over 10 Lakhs by Government Entities at 1% Rate.</h1> Section 37 of the Model GST Law mandates tax deduction at source by specified government entities and notified persons, termed as 'deductors,' at a rate of 1% from payments to suppliers of taxable goods or services exceeding ten lakh rupees. The deducted tax must be credited to the government within ten days post-month-end. Deductors must provide a certificate to suppliers within five days of payment, with penalties for delays. Suppliers can claim credits for deducted tax. Failure to remit tax incurs interest, and excess deductions are refundable, except when credited to the supplier's electronic cash ledger.
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