With effect from 10th October 2024, Tax Deducted at Source (TDS) under Goods and Services Tax (GST) has been implemented. This system is analogous to TDS under Income Tax, with a TDS rate set at 2% of the taxable value. Unlike Income Tax, the credit of TDS deducted by the buyer will be available monthly, reflected in the cash ledger. With effect from 10th October 2024, Tax Deducted at Source (TDS) under Goods and Services Tax (GST) has been implemented. This system is analogous to TDS under Income Tax, with a TDS rate set at 2% of the taxable value. Unlike Income Tax, the credit of TDS deducted by the buyer will be available monthly, reflected in the cash ledger.