alleryStart learning →A department awards a Rs 4,00,000 contract (excluding GST) to a local supplier. TDS under CGST is?
ARs 8,000
BRs 4,000
CRs 2,000
DRs 400
Answer & Solution
Correct answer: B. Rs 4,000
Value exceeds Rs 2.5 lakh, so one per cent of Rs 4,00,000 gives Rs 4,000.
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Related questions
Under section 53, CGST credit used for IGST dues makes central tax collected?When central tax credit pays IGST, the Centre transfers the sum to which account?The power to collect TCS operates without prejudice to what?Interest on a TCS mismatch added to a supplier's liability follows which provision?Rectification of a TCS statement is barred after the due date of which month?Who claims credit in the cash ledger of the amount an operator collected?The operator's annual TCS statement is due before which date after the year ends?Within how many days after month-end must the operator pay collected TCS?