Become a Certified GST Practitioner with CA Arun Chhajer. Register Now!

TDS and TCS credit received

Sujit Saha (243 Points)

07 May 2019

How can we adjust TDS credit received amount in GSTR 3B.

Reply
Follow
Share

7 Replies

shailendra shukla (Bhopal) (1741 Points)
Replied 07 May 2019

there is no adjustment as such but you can claim the amount credited to your electronic cash ledger after you accepted n filed you tds credit received......
you can use the amount credit in electronic cash ledger to setoff your output tax liability in gstr 3b

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

pritesh (CA Final student) (7101 Points)
Replied 07 May 2019

No need to adjust
file tds and tcs return the amount will be transfer to electronic cash Ledger

Sujit Saha (243 Points)
Replied 08 May 2019

Thanks a lot sir, for your valuable suggestion. But after claiming the same amount from cash ledger in 3b, still it shows shortfall sgst in ITC reconciletion list. When I filing TDS credit received return,only the sgst amount gets auto-populated in the reconciletion list and after filing 3b it shows shortfall
Please advise, what to do

shailendra shukla (Bhopal) (1741 Points)
Replied 08 May 2019

have you accepted the credit and filed your gst tds return???...

1 Like

ADV SINGH (8 Points)
Replied 10 May 2019

sir TDS accept karne ka Koi time bhi hota hai kya??

Upgrade to CAclubindia Pro. Subscribe Now!

shailendra shukla (Bhopal) (1741 Points)
Replied 10 May 2019

no there is no time limit for that unless the deductor have not ammended the details.

Sujit Saha (243 Points)
Replied 11 May 2019

Yes, sir. I have accepted and filled gst TDS return, but the reconciletion list not getting nil even after filling the return and utilizing the cash ledger