Tax deduction at source: government entities must withhold tax from supplier payments above a set threshold and follow deposit and reporting rules. Specified government entities and notified persons must deduct tax at source from supplier payments above a threshold, excluding other tax components from the invoice value. Deductors must deposit amounts withheld within ten days after month-end, issue prescribed certificates to deductees, face a daily late fee for failure to furnish certificates, and incur interest if withheld tax is not paid. Deductees may claim credit in their electronic cash ledger; defaults are determined under specified sections and refunds for excess or erroneous deductions follow prescribed rules, with refunds to deductors prohibited if amounts have been credited to the deductee's ledger.
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: government entities must withhold tax from supplier payments above a set threshold and follow deposit and reporting rules.
Specified government entities and notified persons must deduct tax at source from supplier payments above a threshold, excluding other tax components from the invoice value. Deductors must deposit amounts withheld within ten days after month-end, issue prescribed certificates to deductees, face a daily late fee for failure to furnish certificates, and incur interest if withheld tax is not paid. Deductees may claim credit in their electronic cash ledger; defaults are determined under specified sections and refunds for excess or erroneous deductions follow prescribed rules, with refunds to deductors prohibited if amounts have been credited to the deductee's ledger.
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