GST TDS/ TCS Registrations to commence from 18 Sept. 2017 notified by CBEC

CBEC Notifies that Registration for TDS/ TCS under GST to begin from 18 Sept. 2017, pending Notification of Date from which deduction/ Collection to Commence

In line with the recommendation of 21st GST Council Meeting dt. 9 Sept. 2017, the CBEC has notified that registration for certain persons liable to deduct tax at source (TDS) and collect tax at source (TCS) will commence from 18 Sept. 2017 at the GST Portal. However, the date from which TDS and TCS will be deducted or collected will be notified later.

GST TDS/ TCS Registration from 18 Sept. 2017: CBEC Notification 33/2017 Central Tax dt. 15 Sept.

G.S.R. …..(E).— In exercise of the powers conferred by sub-section (3) of section 1 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby appoints the 18th day of September, 2017 as the date on which the provisions of sub-section (1) of section 51 of the said Act shall come into force with respect to persons specified under clauses (a) and (b) of sub-section (1) of section 51 of the said Act and the persons specified below under clause (d) of sub-section (1) of section 51 of the said Act, namely:-

(a) an authority or a board or any other body, –

(i) set up by an Act of Parliament or a State Legislature; or

(ii) established by any Government,

with fifty-one percent or more participation by way of equity or control, to carry out any function;

(b) society established by the Central Government or the State Government or a Local Authority under the Societies Registration Act, 1860 (21 of 1860);

(c) public sector undertakings:

Provided that the said persons shall be liable to deduct tax from the payment made or credited to the supplier of taxable goods or services or both with effect from a date to be notified subsequently, on the recommendations of the Council, by the Central Government.

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Highlights of Recommendations of 21st GST Council Meeting at Hyderabad

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