Govt to implement TDS provisions from 18th September

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Finally, the Central Government is all set to implement the provisions relating to tax deduction at source (TDS) from 18th September 2017.
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As per the Central GST (CGST) Act, the notified entities are required to collect TDS at 1% on payments to suppliers of goods or services in excess of Rs 2.5 lakh.
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The Notification issued on Friday specified that the following entities are liable to deduct tax at source from 18th September.
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(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;
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(b) society established by the Central Government or the State Government or a Local Authority under the Societies Registration Act, 1860 (21 of 1860);
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(c) public sector undertakings:
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“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,” the Notification said.
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Earlier, the Government had decided to defer the implementation of provisions relating to TDS and TCS considering the difficulties of the traders. Representations were made by e-commerce firms that it would be an additional compliance burden and would lock-down working capital for merchants selling online.
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The GST Council, at its 21st meeting in Hyderabad, decided to open registration of persons liable to deduct TDS and TCS from 18 September.
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DOWNLOAD the full text of the Notification below

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DOWNLOAD NOTIFICATION