- TDS and GST software are specialized tools designed to help manage tax compliance obligations in India
- TDS under GST is regulated by the CGST Act’s Section 51 and CGST Rule 66
- TDS is deducted at a rate of 2% when the total value of the supply under a single contract exceeds Rs. 2,50,000
- Entities eligible to deduct TDS must register for a Tax Deduction and Collection Account Number (TAN)
Source: taxilla.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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