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Monday, 3 December 2018

Govt has extended the due date of filing TDS returns under GST laws for the Oct-Dec period till Jan 31, 2019

Govt has extended the due date of filing TDS returns under GST laws for the Oct-Dec period till Jan 31, 2019. The TDS provisions under the GST were brought into effect from October 1, 2018. According to the CGST Act, the notified entities are required to collect TDS at 1% on payments to goods or services suppliers in excess of Rs 2.5 lakh. Also, states levy 1% TDS under state laws.

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