TDS is required to be deducted on payment made to supplier of taxable goods or services of bot...........

Finance (Phase -I & II) Public Finance The union budget

TDS @______ is required to be deducted on payment made to supplier of taxable goods or services of both where the value of such supply under a contract exceeds Rs. @2.5 lakhs under GST:

10%

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Explanation:

TDS @2% is required to be deducted on payment made to supplier of taxable goods or services of both where the value of such supply under a contract exceeds Rs. @2.5 lakhs under GST. GSTR-7 is a monthly return to be filed by a person required to deduct TDS under GST.