GST INDIA Biz — Exemption from TDS on supplies between Public Sector Undertakings

Notification No. 61/2018

Date: November 5, 2018

Subject: Exemption from TDS on supplies between Public Sector Undertakings

Description:

Issued under section 51 of the CGST Act, this notification amends Notification No. 50/2018 – Central Tax. It provides that TDS provisions shall not apply to the supply of goods or services or both between one Public Sector Undertaking (PSU) and another PSU, whether or not they are distinct persons. The exemption is effective retrospectively from 01 October 2018, removing unintended TDS compliance burden on PSUs.

Amendment:

This notification amends notification No. 50/2018

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