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of <h1>Entities Must Deduct 1% TDS Under Section 51 of Goa GST Act for Contracts Over INR 2.5 Lakh</h1> Section 51 of the Goa Goods and Services Tax Act, 2017 mandates tax deduction at source by specified entities, including government departments, local authorities, and notified persons. These entities must deduct 1% tax from payments to suppliers if the contract value exceeds INR 2.5 lakh, excluding taxes and cess. The deducted tax must be paid to the government within ten days of the month's end. A certificate detailing the deduction must be provided to the supplier, with penalties for delays. Suppliers can claim credit for deducted tax, and interest applies for non-payment. Refunds for excess deductions follow specific provisions, excluding cases where amounts are credited to the supplier's ledger.
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