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of <h1>TDS Guidelines for Pre-July 2017 Contracts: 4% Under KVAT; Post-July 2017 SGST/CGST at 1% Each, Pending Implementation.</h1> The circular addresses the deduction of Tax at Source (TDS) for works contracts executed before June 30, 2017, with payments made from July 1, 2017, onwards. Under the Karnataka Value Added Tax Act, the tax rate is 4% or as permitted by the authority. For contracts executed from July 1, 2017, under the Karnataka and Central GST Acts, a TDS of 1% SGST and 1% CGST applies for payments exceeding 250,000 rupees. However, the implementation of TDS under GST is currently on hold, with a future date to be announced.
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