https://www.taxtmi.com/acts?id=30395 The Government may require specified public bodies and notified persons to perform tax deduction at source from payments to suppliers of taxable goods or services above a prescribed threshold, calculated exclusive of tax. Deductors must remit withheld amounts within the prescribed timeframe, furnish a certificate to the deductee detailing contract value, rate and amount deducted, and face a daily late fee for failure to issue the certificate. Deductees claim credit in the electronic cash ledger as per the deductor's return; interest and default procedures apply where withheld sums are not paid, and refunds for excess or erroneous deductions are governed by the statutory refund provisions. en-us Mon, 10 Jul 2017 15:02:41 +0530 Sat, 19 Aug 2017 16:11:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30395 The Government may require specified public bodies and notified persons to perform tax deduction at source from payments to suppliers of taxable goods or services above a prescribed threshold, calculated exclusive of tax. Deductors must remit withheld amounts within the prescribed timeframe, furnish a certificate to the deductee detailing contract value, rate and amount deducted, and face a daily late fee for failure to issue the certificate. Deductees claim credit in the electronic cash ledger as per the deductor's return; interest and default procedures apply where withheld sums are not paid, and refunds for excess or erroneous deductions are governed by the statutory refund provisions. Act-Rules GST - States Mon, 10 Jul 2017 15:02:41 +0530 https://www.taxtmi.com/acts?id=30395