https://www.taxtmi.com/acts?id=26182 Tax deduction at source requires specified government entities and notified persons to withhold tax from payments to suppliers of taxable goods or services when contract value exceeds the prescribed threshold, excluding applicable taxes and cess from the taxable value. Deductors must remit withheld amounts to the Government within the prescribed period, furnish a certificate to the deductee showing contract value, rate and amount deducted, and face late-fee and interest consequences for failure to issue the certificate or remit amounts. The deductee may claim credit of deducted tax in the electronic cash ledger as reflected in the deductor's return, and refunds for excess or erroneous deductions follow the refund provisions. en-us Sat, 17 Jun 2017 15:01:39 +0530 Sat, 17 Jun 2017 15:01:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=26182 Tax deduction at source requires specified government entities and notified persons to withhold tax from payments to suppliers of taxable goods or services when contract value exceeds the prescribed threshold, excluding applicable taxes and cess from the taxable value. Deductors must remit withheld amounts to the Government within the prescribed period, furnish a certificate to the deductee showing contract value, rate and amount deducted, and face late-fee and interest consequences for failure to issue the certificate or remit amounts. The deductee may claim credit of deducted tax in the electronic cash ledger as reflected in the deductor's return, and refunds for excess or erroneous deductions follow the refund provisions. Act-Rules GST - States Sat, 17 Jun 2017 15:01:39 +0530 https://www.taxtmi.com/acts?id=26182