{"id":7621,"date":"2024-06-14T03:13:42","date_gmt":"2024-06-14T03:13:42","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=7621"},"modified":"2024-06-14T03:13:42","modified_gmt":"2024-06-14T03:13:42","slug":"bihar-to-levy-2-tds-on-supplies-of-raw-materials-by-mgnregs-vendors","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/bihar-to-levy-2-tds-on-supplies-of-raw-materials-by-mgnregs-vendors\/","title":{"rendered":"Bihar to levy 2% TDS on supplies of raw materials by MGNREGS vendors"},"content":{"rendered":"<p>Payments to suppliers of raw material for works under the rural job guarantee scheme MGNREGS in Bihar will henceforth be made only after two per cent TDS (tax deducted at source), in line with recent directions of the ministry of rural development (MoRD) following detection of evasion of goods and service tax (GST) by vendors in Bihar, officials familiar with <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> the matter said.<\/p>\n<p>MGNREGS (<a href=\"https:\/\/exam.pscnotes.com\/mahatma-gandhi\">Mahatma Gandhi<\/a> National Rural <a href=\"https:\/\/exam.pscnotes.com\/employment\">EMPLOYMENT<\/a> Guarantee Scheme) is a central scheme that seeks to provide at least 100 days of employment in a year to the unskilled workers in rural areas. All payments against materials supplied and wages go directly into the bank accounts of beneficiaries.<\/p>\n<p>A TDS @2% (1% each of state <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> GST and central GST) is mandatory on payments to suppliers against bills of2.50 lakh and above as per GST rules, but an audit team from the AG office, during a random check in Banka district a few months back, detected that programme officers had not cut any TDS during payments made to suppliers, who provided various materials like , stone chips, bricks and TMT bars for MGNREGS works.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payments to suppliers of raw material for works under the rural job guarantee scheme MGNREGS in Bihar will henceforth be made only after two per Subscribe on YouTube cent TDS (tax deducted at source), in line with recent directions of the ministry of rural development (MoRD) following detection of evasion of goods and service tax &#8230; <a title=\"Bihar to levy 2% TDS on supplies of raw materials by MGNREGS vendors\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/bihar-to-levy-2-tds-on-supplies-of-raw-materials-by-mgnregs-vendors\/\">Read more <span class=\"screen-reader-text\">Bihar to levy 2% TDS on supplies of raw materials by MGNREGS vendors<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1087],"tags":[737],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bihar to levy 2% TDS on supplies of raw materials by MGNREGS vendors - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/bihar-to-levy-2-tds-on-supplies-of-raw-materials-by-mgnregs-vendors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bihar to levy 2% TDS on supplies of raw materials by MGNREGS vendors\" \/>\n<meta property=\"og:description\" content=\"Payments to suppliers of raw material for works under the rural job guarantee scheme MGNREGS in Bihar will henceforth be made only after two per cent TDS (tax deducted at source), in line with recent directions of the ministry of rural development (MoRD) following detection of evasion of goods and service tax (GST) by vendors ... 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