14 May 2021
Two parties (Say A & B) have deducted GST TDS for the same Tax period. However, only one of the parties (A) has filed GSTR 7 for that Tax period and thus only part amount (TDS deducted by A) is available while filing details for TDS credit received claim. Can we claim TDS paid by another party (B) at later date when GSTR 7 will be filed by B for same Tax period ? would that entry will be available for acceptance while filing TDS details for subsequent tax period or we have to wait for both the entries and file the TDS claim once all entries are reflecting ? Please suggest any other alternative available to claim TDS amount reported by A without waiting for TDS details from B, as it will block working capital unnecessarily and also causing unwanted delay in compliance required.
14 May 2021
As per FAQ available on GST Portal - Question No 10.
10. What will happen if deductee files the TDS/TDS Credit received statement without taking any action on the TDS/TCS details auto populated in the TDS/TCS Credit Received Tile? The TDS/TCS details, on which no action is taken by the Deductee /person from whom the tax is collected, using the TDS/TCS Credit received tile, and the statement for such tax period is filed. then such TDS/TCS details will be auto-populated in the TDS/TCS Credit Received Tile for the next open tax period for taking required action.
So as per plain reading if you havent taken any action on the transaction it will be carry forward to next tax period
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