Sir
can you please show the steps from the beginning till completion for filing tds under gst.
TDS return submission procedure:
• In the offline method, the deductor would be required to fill up the
designated .xl file and upload the said file with signature validation
• Every registered TDS deductor is required to file a Return in
Form GSTR 7 electronically within 10th of the month succeeding the
month in which deductions have been made to avoid payment of
any late fee, interest. [Section 39(3) of the CGST Act, 2017 read with
Rule 66 of the CGST Rules, 2017]
• Tax deposited by challan would get credited in the electronic cash
ledger of the deductor. The liability of a deductor in Form GSTR 7
has to be paid by him by debiting his electronic cash ledger.
• The deductor shall furnish to the deductee a system generated
certificate in GSTR Form 7A mentioning therein the contract
value, rate of deduction, amount deducted, amount paid to the
Government and other related particulars. The said certificate is to
be furnished within five days of crediting the amount so deducted
to the Government.
• The entire exercise has to be completed through www.gst.gov.in.
• The deductee (i.e. the supplier) shall claim the credit of such
deduction in his electronic cash ledger.
CAclubindia
