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Resource Centre / Categories :- Miscellaneous  » Miscellaneous
What is TDS?
Team SoOLEGAL | 01/01/1970

TDS stands for Tax Deducted at Source (TDS). As per section 37, this provision is meant for Government and Government undertakings and other notified entities making contractual payments in excess of Rs. 10 Lakhs to suppliers. While making such payment, the concerned Government/authority shall deduct 1% of the total payable amount and remit it into the appropriate GST account.

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