Composition scheme tds

04 April 2022

can a composition scheme holder can avails tds to set off its tax liabilities

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3 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14568 Points)
Replied 04 April 2022

Composition Dealer has to pay fixed persentage of tax on Turnover , No ITC , No Set off .

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vikas mishra (3 Points)
Replied 04 April 2022

But if government agency has deducted tds while payment then why not he can avail because he is already paying fix percentage in gstr

Rajendra Prasad (Employee Private) (1842 Points)
Replied 04 April 2022

After accepting the TDS Credit in GST portal, it will credit the same in Electronic cash ledger.
Then you can utilize accordingly.

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