GST is a consumption tax levied on the sale of goods and services. GST is collected at pre-fixed rates from consumers or purchasers of goods and services. On the other hand, TDS is deductible by payee from the amount payable by it to provider/supplier of services. TDS is deducted on services, Contract payment, Professionals, etc. The deducted or the balance payment has to be deposited as tax amount with the government. The tax amount is deposited on behalf of the recipient as future tax liabilities. Let’s understand how TDS under GST works.
