Reverse charge - 2% TDS under GST

Hi,

- As the value of supply is less than Rs.20 lacs so need to obtain GST registration by the lessor therefore no question of TDS.

Thanks

Hi,

Hope you are doing well !

Lessor is not required to get GST registration as the value of supply is less than 20 lakh.

So, there is no question of TDS.

Thanks & Regards,

Payal Chhajed

Hi

Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons) has been deferred to 30th Sept 2019.

FYI, in such cases, TDS is deducted on amount exclusive of GST.

So in GST provision of TDS says if there is contract for more than 2.5 lakhs one needs to deduct TDS so in your case since the contract is for 3 years and its value is above 2.5 lakh i think you will be required to deduct 2℅ TDS.

You can make 5 contracts for 6 months each and then i think you could save yourself from deducting TDS.

Because in your scenario there are 3 compliances gst, TDS under gst, TDS under income tax.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Hi

Here the value of taxable supply is less than 20 lacs,No GST registration required so no TDS question arises.

Since the value of taxable supply is less than 20 lacs, GST registration is not required and hence no question for TDS arises.

Hi,

Please find below the link for your reference:

https://taxguru.in/goods-and-service-tax/gst-tds-2supply-government-entities-w-e-f-1st-oct-2018.html?amp

Reverse charge provisions have been deferred till September 2019.