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of <h1>Government exempts inter-departmental and PSU transactions from TDS under CGST Act, 2017, per amendment to Notification No. 50/2018.</h1> The notification from the Government of India, Ministry of Finance, exempts supplies made between Government Departments and Public Sector Undertakings (PSUs) from Tax Deducted at Source (TDS) under the Central Goods and Services Tax (CGST) Act, 2017. This amendment to the previous notification No. 50/2018-Central Tax specifies that the exemption applies to transactions between entities listed under clauses (a), (b), (c), and (d) of sub-section (1) of section 51 of the CGST Act. This change aims to streamline inter-departmental and PSU transactions by removing the TDS requirement.
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