Tds Under Gst Tax Deduction At Source Under Gst Regime 2021
We know about TDS under Income Tax 1961 and the relevant penalties thereon. However, in Central Excise Act 1944, Finance Act 1994 there are no concept of TDS. Sales Tax law (Value Added Tax) of the State Governments has the provision of TDS in respect of works contract only.Here, the contractee is required to deduct WC-TDS at the time of making payment to the contractor and issue necessary certificates thereon....