Gst tds related

This query is : Resolved

ANAND AGRAWAL (Querist)
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09 August 2021 I am a contractor. i had three different contract with three different parties (govt organisation). each party deduct gst tds. suppose in july2021 , all three parties deducted gst tds but only two parties filed their gstr-7. i as a deductee in need of cash to clear gstr-3b for july2021 , accepted tds recieved on the gst portal of these two parties and got gst tds to cash ledger. the third one filed his gstr-7 for july21 in dec21. will i get benefit of such gst dts due to his late filing ? WILL MY GST TDS BE LOST? since I had already accepted my july gst tds on portal , where will such late gst tds reflect and how will I get it to cash ledger? please resolve.

Sonnal Khandaray

Sonnal Khandaray (Expert)
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09 August 2021 You will get benefit once your party file GSTR-7 for the period. There is no time limit to get benefit for TDS credit. Once party on other side files GSTR-7, TDS will get added to your cash ledger.

ANAND AGRAWAL

ANAND AGRAWAL (Querist)
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09 August 2021 sir , gst tds does not get automatically added to cash ledger , for that one need to accept tds on gst portal. my query is i had already accepted tds on portal for july 2 with two parties who filed their gstr-7 for july21 in time. one party left to file gstr-7 for jul21 and filed it in dec21 [late]. as i had already accepted my tds on portal reflecting of that of two parties , now where will this delayed tds for july21 will get reflected. how will i able to get added it to cash ledger.

Sonnal Khandaray

Sonnal Khandaray (Expert)
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09 August 2021 unless other party files GSTR-7, it will not be reflected in your TDS/TCS recd. return and you cannot accept it.

ANAND AGRAWAL

ANAND AGRAWAL (Querist)
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09 August 2021 2 out of 3 filed gstr- 7 timely for jul21 . We accepted of that 2. Third one delayed for jul21. Since our tds acceptance for jul21 already filed , belated filing of gstr7 will reflect tds in which month july or December. If in December it's okk. But if in July we cannot revise or alter our acceptance for july21.

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