Section 51 of CGST Act - TDS under GST Implemented through Notification#50/2018 Applicable from 01-O

Hi All,

Government through notification#50/2018 has implemented section 51 of CGST act.

Under this section few specified person (Government company's & PSU's) has to deduct TDS under GST as well on specified transactions.

This will be implemented through 01-OCT-2018.

Because of this notification following customers are impacted:

1. Government Company's/PSU's - For them they need to deduct TDS on Payment. In other words they have impact on Payable module.

2. Others - Any one who is dealing with government company's or PSU's and who are in receipt of amount post deduction of TDS. For them they need to take care of amount deducted as TDS in adjusting AR transactions.