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of <h1>GST Act 2017: 1% Tax Deduction at Source for Contracts Over 250,000 Rupees; Section 54 Refunds Apply for Excess Deductions.</h1> Under the Gujarat Goods and Services Tax Act, 2017, certain government departments, local authorities, and notified persons must deduct 1% tax at source from payments to suppliers of taxable goods or services when the contract value exceeds 250,000 rupees. No deduction is required if the supplier's location and place of supply differ from the recipient's registration state. Deducted tax must be paid to the government within ten days of the month's end. Deductors must provide certificates to deductees within five days of payment, or face late fees. Deductees can claim tax credits, and defaults incur interest. Refunds for excess deductions follow section 54 provisions.
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