1% tax deductible at source where supply value exceeds Rs. 2.50 lakhs, says CBEC

CBEC explains TDS provisions under GST, states that tax would be deducted by specified deductors @ 1% of the payment made to supplier if total value of supply under a contract exceeds Rs 2.50 lakhs, and such amount should be deposited with Govt. by 10th of succeeding month; However no deduction shall be made where location of supplier & place of supply is different from that of the recipient; No threshold is prescribed for registration of TDS deductor and same can be obta...