TDS CLAIM BY CONTRACTOR
This query is : Resolved
03 June 2021
HOW TO CLAIM TDS DEDUCTED BY THE GOVERMENT FOR CONTARCT WORK FROM THE CONTRACTOR DO CONTRACTOR NEED TO FILE SEPERATE RETURN OR HE CAN GET CLAIM IN GSTR3B
PLS SOMEONE HELP ME TO KNOW THE PROCESS
PLS SOMEONE HELP ME TO KNOW THE PROCESS
03 June 2021
Claim it in GST portal, it will be credited to your Cash ledger. See the procedure.
Steps to file 'TDS and TCS credit received' on GST portal
Step 1: Login toGST portal.
Step 2: Go to 'Services' > 'Returns' > 'Returns Dashboard'
Step 3: Select the return period of GSTR-3B being filed and proceed to 'TDS/TCS credit received' tile.
Steps to file 'TDS and TCS credit received' on GST portal
Step 1: Login toGST portal.
Step 2: Go to 'Services' > 'Returns' > 'Returns Dashboard'
Step 3: Select the return period of GSTR-3B being filed and proceed to 'TDS/TCS credit received' tile.
Message likes :
1 times
03 June 2021
After login go to services dropdown menu then select returns.
In returns dropdown menu there will be option of TDS YCS credit received. Select that and file the form.
Your cash ledger will get updated.
In returns dropdown menu there will be option of TDS YCS credit received. Select that and file the form.
Your cash ledger will get updated.
03 June 2021
OK THANK YOU SO MUCH FOR THE CLARIFICATION
SINCE THE GST3B RETURN IS FILED BY CONTRACTOR EVERY MONTH WILL TDS BE SHOWN EVERY MONTH OR ANY SPECIFIC PERIODE
SECONDLY IS THERE ANY EFFECT OR OPTION TO RECEIVE CREDIT IN GSTR 3 B RETURN FOR THE DEDCUTION MADE MY LOCAL GOVERNMENT FROM CONTRACTOR ( CESS , ROYALTY , )
AND HOW TO ACCOUNT FOR THE GST WHICH IS PARTIALLY DECTED BY THE GOVERNMENT FROM THE CONTRACTOR ( TOTAL GST 18 PERCENT AND GOVERNMENT DEDUCT 2% IN FINAL BILL AND REST 16 PERCENT PAID BY CONTRACTOR ( WHAT WILL BE PROCESS FOR SUCH ADJUSTEMENT IN GSTR 3 B RETURN
SINCE THE GST3B RETURN IS FILED BY CONTRACTOR EVERY MONTH WILL TDS BE SHOWN EVERY MONTH OR ANY SPECIFIC PERIODE
SECONDLY IS THERE ANY EFFECT OR OPTION TO RECEIVE CREDIT IN GSTR 3 B RETURN FOR THE DEDCUTION MADE MY LOCAL GOVERNMENT FROM CONTRACTOR ( CESS , ROYALTY , )
AND HOW TO ACCOUNT FOR THE GST WHICH IS PARTIALLY DECTED BY THE GOVERNMENT FROM THE CONTRACTOR ( TOTAL GST 18 PERCENT AND GOVERNMENT DEDUCT 2% IN FINAL BILL AND REST 16 PERCENT PAID BY CONTRACTOR ( WHAT WILL BE PROCESS FOR SUCH ADJUSTEMENT IN GSTR 3 B RETURN
03 June 2021
The form for TDS TCS is also monthly. For each month you will have to file it to receive the cash in your cash ledger.
It does not go the credit ledger but as already mentioned it will reflect in cash ledger once you file the form.
The amount deducted will be shown as asset as GST TDS once it is transferred in cash ledger and adjusted from GST liability the same will be done in accounts
It does not go the credit ledger but as already mentioned it will reflect in cash ledger once you file the form.
The amount deducted will be shown as asset as GST TDS once it is transferred in cash ledger and adjusted from GST liability the same will be done in accounts
24 June 2021
when is the date of return filing GSTfor April and may 2021 i heard the date has been extended . what is the new date
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Tds on building rent monthly
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- GST Regis.
- Disallowance of Section 43B(h) to sez units
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
