Tax deduction at source under GST governs deductors, payment timelines, deductee credit, interest on default, and refund treatment. Tax deduction at source under the GST regime authorises specified deductors to deduct tax at one per cent from payments made or credited to suppliers of taxable goods or services or both where the contract value exceeds the prescribed threshold. The deducted amount must be paid to the Government within ten days after the end of the month, and the deductee may claim credit in the electronic cash ledger. Failure to remit attracts interest, while excess or erroneous deduction is dealt with under the refund provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction at source under GST governs deductors, payment timelines, deductee credit, interest on default, and refund treatment.
Tax deduction at source under the GST regime authorises specified deductors to deduct tax at one per cent from payments made or credited to suppliers of taxable goods or services or both where the contract value exceeds the prescribed threshold. The deducted amount must be paid to the Government within ten days after the end of the month, and the deductee may claim credit in the electronic cash ledger. Failure to remit attracts interest, while excess or erroneous deduction is dealt with under the refund provision.
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