Difference between ISD Return and Tax Deduction at Source

Posted on 11 June 2022 Category : GST terms difference

How to differentiate Tax Deduction at Source (TDS) with ISD Return?

Difference between ISD Return and Tax Deduction at Source (TDS) under GST terms

What is Tax Deduction at Source (TDS)? How does ISD Return work under GST regime? What are the difference between Tax Deduction at Source (TDS) and ISD Return?

Under GST system, the following information explains about Tax Deduction at Source (TDS) and ISD Return.

As per GST terms, Tax Deduction at Source (TDS) a system, initially introduced by the Income Tax Department. It is one of the modes/methods to collect tax, under which, certain percentage of amount is deducted by a recipient at the time of making payment to the supplier.

What is ISD Return? An office of the supplier of goods or services or both which receives tax invoices issued under section 31 towards the receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax, State tax, integrated tax or Union territory tax paid on the said services to a supplier of taxable goods or services or both having the same Permanent Account Number as that of the said office;

The details about Tax Deduction at Source (TDS) and ISD Return with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Tax Deduction at Source (TDS) and ISD Return, so as to enable you to have a clear idea on these GST terms.

For your immediate reference, we give below web links on Tax Deduction at Source (TDS) and ISD Return separately below. You may kindly read the below links to know more about ISD Return and Tax Deduction at Source (TDS).

What is Tax Deduction at Source (TDS) under GST

ISD Return Means

The above information easily explains about ISD Return and Tax Deduction at Source (TDS).

We hope, you have satisfied with the difference between Tax Deduction at Source (TDS) and ISD Return explained above. Do you have different thought on difference between ISD Return and Tax Deduction at Source (TDS)?

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