TaxTMI 
TaxTMI 
TaxTMI 
Sir,
Whether the TDS rates under GST are declared?
TDS rates under GST
Aitha RajyaLakshmi
Understanding TDS Under GST: 1% Deduction for Contracts Over 2.5 Lakh; Rules from Section 51 of CGST Act 2017 A discussion on a forum addressed the query about TDS rates under GST. A participant clarified that under Section 51 of the CGST Act 2017, the government can mandate certain entities to deduct tax at 1% from payments to suppliers when the contract value exceeds 2.5 lakh. No deduction applies to interstate supplies. The deducted tax must be paid to the government within 10 days of the month's end, and a certificate must be provided to the supplier. The deductor must report the TDS in their monthly return, and the supplier can claim credit in their electronic cash ledger. (AI Summary)