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of <h1>Section 46 GST Law: 1% Tax Deduction at Source on Payments Over 5 Lakh; Late Fees for Certificate Delays</h1> Section 46 of the Model GST Law mandates tax deduction at source by the Central or State Government, local authorities, or notified persons, at a rate of one percent on payments exceeding five lakh rupees for taxable goods or services. The deducted amount must be paid to the government within ten days after the month's end. A certificate detailing the deduction must be provided to the supplier within five days, failing which a late fee applies. Suppliers can claim credit in their electronic cash ledger. Interest is applicable for non-payment, and refunds for excess deductions follow specific provisions.
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