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>Nagaland Govt Circular: GST TDS Implementation Delayed; No Deductions on Payments Post-July 1, 2017, Until Further Notice.</h1> The circular from the Nagaland government addresses the implementation of Tax Deducted at Source (TDS) under the GST regime effective from July 1, 2017. It outlines that GST subsumes all indirect taxes and introduces a dual GST system with CGST, SGST, and IGST for intra-state and inter-state supplies. TDS is to be deducted at 1% for CGST and SGST, and 2% for IGST on contracts exceeding Rs. 2.5 lakhs. However, TDS provisions are not yet enforced, and payments post-July 1, 2017, should be made without TDS until further notice. Departments must secure undertakings from suppliers and register for GSTIN to comply with future TDS requirements.