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Challan Payment Due date is 7th of next month, However, for March, it is 30 April

TDS in Income Tax

TDS in GST

Rate of TDS Under 194C

Payment to Individual /HUF 1%

Payment to Others 2%

Rate of TDS

Tds Rate is 1% in all cases

 

Applicable only If Deductor is

Covered in Tax Audit

(Individual/HUF/Partnership having turnover>1 Cr

Or

Company )

 

Applicable in Case of

  1. Department of Central Government or State Government
  2. Local Authority
  3. Governmental Agencies
  4. Others as may be notified

Cut off limit

30000 Single Payment

Or

100000 Annual

Cut off limit

250,000 Single Contract

 

 

Challan payment

Due date is 7 th  of next month

However, for March, it is 30 April

  Challan payment

Due date is 10 th  of next month

(Even for March, it is same)

TDS Return

It is to be file quarterly one month from end of quarter

 Except last quarter

April-June->31 July

July-Sep->31 Oct

Oct-Dec->31 Jan

Jan-March->31 May

 

Form No Prescribed is Form 26Q

TDS Return

It is to be file monthly by 10 th  of next quarter

Form No Prescribed is GSTR 7

 

 

 

 

 

 

TDS Certificate

It is to be issued quarterly 15 days of filing TDS Return

In case of late payment, Penalty applicable is 100 per day

 

TDS Certificate

It is to be issued Monthly 5 days of filing TDS Challan

In case of late payment,

 Penalty applicable is 100 per day

Upto max 5000

  1. GST - Goods and Services Tax, India
  2. GST Computation & Accounting
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
  • Sidhi Damani's image
    Sir the invoice is as follows
    Contact value    239605

    CGST                     21565 (9%)
    SGST                     21565 (9%)
                                    __________
                                    282735

     The client has deducted TDS u/s 94c on the Total amount of Rs 282735 @ 2 %.

    Is tat correct?

    View answer
  • dnyaneshwar shid's image
    dnyaneshwar shid
    July 12, 2017, 7:50 a.m.
    In case of GST PAYMENT TO STATE GOVERNMENT & Central GOVERNMENT TDS deduct ?

    View answer
  • Binod Rajak's image
    What is the rate of tds for transporter for lorry fare
    View answer
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