Hemchand Kohli (Accountant) (889 Points)
31 August 2019Government department has deducted TDS in July 2019 and We have accepted & file TDS return in GST. Can we adjust July 2019 TDS in the payment of June 2019. As per GSTR3B challan creation it is taking effect of July 2019 also since after accepting and filing TDS it shows under Electronic Cash Ledger.
Uttam
(employee)
(814 Points)
Replied 31 August 2019
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 01 September 2019
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13706 Points)
Replied 02 September 2019
In my opinion it cannot be done since this will encourage the practice to delay the filing of 3B and set off of liability arising in that particular month by utilizing the credit of TDS in cash ledger. Since TDS was deducted in July and your liability pertains to June even though you have filed TDS return and amount of TDS has been reflected in your cash ledger you should not set off liability of June with that balance.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 02 September 2019
@ CS ABHISHEK GOYAL
EVEN THOUGH MY LIABILITIES PERTAINS TO JUNE BUT SAME IS BEING SETOFF IN JULY THEN WHY CAN'T I SET OFF THE SAME .
SIR ITS IN MY CASH LEDGER BALANCE & HARDLY MATTERS WHETHER ITS OF JUNE OR JULY .
Akshay Jain
(Tax Consultant)
(1024 Points)
Replied 02 September 2019
CAclubindia
