Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Odisha Government Issues Circular on TDS for Works Contracts under GST; Compliance Mandatory by August 31, 2017.</h1> The Government of Odisha issued a circular regarding Works Contracts and Tax Deduction at Source (TDS) under the Goods and Services Tax (GST), effective from July 1, 2017. Under GST, works contracts are considered composite services, taxable at 18%. Government departments and agencies must deduct 1% GST under both the Central GST (CGST) and Odisha GST (OGST) Acts for supplies exceeding Rs. 2.5 lakh. Deductors must register with GST, obtain a Tax Deduction and Collection Account Number (TAN), and file returns timely. TDS has been deferred by two months, with a registration deadline of August 31, 2017. Compliance with the OGST Act, 2017, is mandated.