Meaning of term TDS Return under GST

TDS Return Means

 

This post explains about TDS Return under GST.

TDS Return:

The deductor is also required to file a return in Form GSTR-7 within 10 days from the end of the month. If the supplier is unregistered, name of the supplier rather than GSTIN shall be mentioned in the return. The details of tax deducted at source furnished by the deductor in FORM GSTR-7 shall be made available to each of the suppliers in Part C of FORM GSTR-2A electronically through the Common Portal and the said supplier may include the same in FORM GSTR-2. The amounts deducted by the deductor get reflected in the GSTR-2 of the supplier (deductee). The supplier can take this amount as credit in his electronic cash register and use the same for payment of tax or any other liability.

Consequences of not complying with TDS provisions:

TDS not deducted

Interest to be paid along with the TDS amount; else the amount shall be determined and recovered as per the law

TDS certificate not issued or delayed beyond the prescribed period of five days:

 Late fee of Rs. 100/- per day subject to a maximum of Rs. 5000/-

TDS deducted but not paid to the Government or paid later than 10th of the succeeding month:

Interest to be paid along with the TDS amount; else the amount shall be determined and recovered as per the Act.

The information provided here is about TDS Return under GST.  If you would you like to add more information about TDS Return under GST, share below your thoughts.

 

 

 

Learn Exports Imports Free, Click here

Click here to know GST rate of your goods or service


Mechanism of Payment of GST tax in India

Levy of late fee for GST Tax returns filing in India

Notice to GST return filing defaulters

When to file Annual Return of GST online?

Procedures to claim reduction in output tax liability of GST in India

Procedures to claim Input Tax Credit under GST in India

When to file first Return of GST tax in India?

GST Tax returns filing – Who, How and When?

How is time of supply accounted under GST Tax Calculation

Valuation of GST under special cases

Valuation of GST Taxable supply

When to pay GST for supply of services?

When to pay GST?

Meaning of GST Practitioner

Term Revenue neutral rate (RNR) under GST

Term Revocation of cancellation of registration under GST

What is returns mechanism under GST

Revised Threshold limit under GST

What is Reverse Charge under GST

Term Reversal of input tax credit in the case of non-payment under GST

How to cover the risk of Cargo loss or damage

Register with Export Promotion Council

How to Choose a product for export business

Excise and Customs - Click here to read complete notification under Budget 2014

How to get Export Orders?

How to settle dispute in Exports and Imports?

Click here to know India Trade Classification(ITC)

Pre shipment bank finance to suppliers for exports through other agencies

Types of export containers

Measurement of export containers

Export Import Policy of India 2015-2020

How to import to India from Jamaica?

How to export from Guyana?

How to Import to Guyana?

How to import to India from Guyana?

How to export from India to Guyana?

How to export from India to Ghana?

How to export from Ghana?

How to import to India from Ghana?

How to Import to Ghana?

How to export from Georgia?

 


Comments


sindhu mm: if tds certificate is to be sent by pst

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers