Clarity for tds on gst
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 October 2018
Sir/Ma'am
Please explain to me. When a supplier raises an Invoice with GST he has to deposit GST at time of filing GSTR-3B by 20th of next month.
Say he Recieved payment of this Invoice 2 months later on which reciever deducts TDS.
This means supplier deposits 18% GST and received 2% less payment . How is this matter dealt with. And where can we claim TDS on GST benefit.
Please explain to me. When a supplier raises an Invoice with GST he has to deposit GST at time of filing GSTR-3B by 20th of next month.
Say he Recieved payment of this Invoice 2 months later on which reciever deducts TDS.
This means supplier deposits 18% GST and received 2% less payment . How is this matter dealt with. And where can we claim TDS on GST benefit.
CA R SEETHARAMAN
(Expert)
04 October 2018
Such TDS deduction will be credited to cash ledger on remittance of TDS.
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