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of <h1>Section 51: 1% Tax Deduction on Payments Over 2.5 Lakh; Certificates Required, Late Fees Apply, Refunds via Section 54.</h1> Section 51 of the Mizoram Goods and Services Tax Act, 2017 mandates certain government entities and notified persons to deduct tax at a rate of 1% from payments exceeding 2.5 lakh for taxable goods or services. The deducted tax must be paid to the government within ten days of the month's end. Deductors must issue certificates to deductees, detailing contract value and tax details. Late issuance incurs a fee of 100 per day, up to 5,000. Deductees can claim credits for deducted tax. Non-payment by deductors incurs interest, and excess deductions are refundable per section 54, barring credits to the deductee's ledger.
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