CBIC exempt supply from PSU to PSU from applicability of provisions relating to TDS.

Nov 08, 2018 | by Avantis RegTech Legal Research Team

The Central Board of Indirect Taxes and Customs (CBIC) on November 05, 2018 has exempted Public Sector Undertaking (PSU) from applicability of provisions relating to Tax Deducted at Source (TDS) if the supply has been made from one PSU to another PSU.

The CBIC made amendment in the Notification No. 50/2018-Central Tax dated September 13, 2018 by inserting the following proviso, namely:

 “Provided further that nothing in this notification shall apply to the supply of goods or services or both from a public sector undertaking to another public sector undertaking, whether or not a distinct person, with effect from the 1st day of October, 2018.”

[Notification No. 61/2018 – Central Tax]

URL: http://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-61-central-tax-english-2018.pdf


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