Common use of Tax Deducted at Source Clause in Contracts

Tax Deducted at Source. (TDS): TDS on GST @ 2% or as applicable from time to time will be deducted on the taxable value for the private agencies. TDS under GST will not be deducted in respect of the supply of Goods and Services of both from Public Sector Undertaking (i.e) any company in which not less than 51% of paid up share capital held by the Central Govt. or by any State Govt. Or Governments or partly by the Central Govt. and partly by one or more State Govt. and includes the company which is subsidiary of such a Government company.

Tax Deducted at Source. (TDS): TDS on GST @ 2% or as applicable from time to time will be deducted on the taxable value for the private agencies. TDS under GST will not be deducted in respect of the supply of Goods and Services of both from Public Sector Undertaking (i.ei.e.) any company in which not less than 51% of paid up share capital held by the Central Govt. or by any State Govt. Or Governments or partly by the Central Govt. and partly by one or more State Govt. and includes the company which is subsidiary of such a Government company.