TDS CLAIM BY CONTRACTOR
This query is : Resolved
03 June 2021
HOW TO CLAIM TDS DEDUCTED BY THE GOVERMENT FOR CONTARCT WORK FROM THE CONTRACTOR DO CONTRACTOR NEED TO FILE SEPERATE RETURN OR HE CAN GET CLAIM IN GSTR3B
PLS SOMEONE HELP ME TO KNOW THE PROCESS
PLS SOMEONE HELP ME TO KNOW THE PROCESS
03 June 2021
Claim it in GST portal, it will be credited to your Cash ledger. See the procedure.
Steps to file 'TDS and TCS credit received' on GST portal
Step 1: Login toGST portal.
Step 2: Go to 'Services' > 'Returns' > 'Returns Dashboard'
Step 3: Select the return period of GSTR-3B being filed and proceed to 'TDS/TCS credit received' tile.
Steps to file 'TDS and TCS credit received' on GST portal
Step 1: Login toGST portal.
Step 2: Go to 'Services' > 'Returns' > 'Returns Dashboard'
Step 3: Select the return period of GSTR-3B being filed and proceed to 'TDS/TCS credit received' tile.
Message likes :
1 times
03 June 2021
After login go to services dropdown menu then select returns.
In returns dropdown menu there will be option of TDS YCS credit received. Select that and file the form.
Your cash ledger will get updated.
In returns dropdown menu there will be option of TDS YCS credit received. Select that and file the form.
Your cash ledger will get updated.
03 June 2021
OK THANK YOU SO MUCH FOR THE CLARIFICATION
SINCE THE GST3B RETURN IS FILED BY CONTRACTOR EVERY MONTH WILL TDS BE SHOWN EVERY MONTH OR ANY SPECIFIC PERIODE
SECONDLY IS THERE ANY EFFECT OR OPTION TO RECEIVE CREDIT IN GSTR 3 B RETURN FOR THE DEDCUTION MADE MY LOCAL GOVERNMENT FROM CONTRACTOR ( CESS , ROYALTY , )
AND HOW TO ACCOUNT FOR THE GST WHICH IS PARTIALLY DECTED BY THE GOVERNMENT FROM THE CONTRACTOR ( TOTAL GST 18 PERCENT AND GOVERNMENT DEDUCT 2% IN FINAL BILL AND REST 16 PERCENT PAID BY CONTRACTOR ( WHAT WILL BE PROCESS FOR SUCH ADJUSTEMENT IN GSTR 3 B RETURN
SINCE THE GST3B RETURN IS FILED BY CONTRACTOR EVERY MONTH WILL TDS BE SHOWN EVERY MONTH OR ANY SPECIFIC PERIODE
SECONDLY IS THERE ANY EFFECT OR OPTION TO RECEIVE CREDIT IN GSTR 3 B RETURN FOR THE DEDCUTION MADE MY LOCAL GOVERNMENT FROM CONTRACTOR ( CESS , ROYALTY , )
AND HOW TO ACCOUNT FOR THE GST WHICH IS PARTIALLY DECTED BY THE GOVERNMENT FROM THE CONTRACTOR ( TOTAL GST 18 PERCENT AND GOVERNMENT DEDUCT 2% IN FINAL BILL AND REST 16 PERCENT PAID BY CONTRACTOR ( WHAT WILL BE PROCESS FOR SUCH ADJUSTEMENT IN GSTR 3 B RETURN
03 June 2021
The form for TDS TCS is also monthly. For each month you will have to file it to receive the cash in your cash ledger.
It does not go the credit ledger but as already mentioned it will reflect in cash ledger once you file the form.
The amount deducted will be shown as asset as GST TDS once it is transferred in cash ledger and adjusted from GST liability the same will be done in accounts
It does not go the credit ledger but as already mentioned it will reflect in cash ledger once you file the form.
The amount deducted will be shown as asset as GST TDS once it is transferred in cash ledger and adjusted from GST liability the same will be done in accounts
24 June 2021
when is the date of return filing GSTfor April and may 2021 i heard the date has been extended . what is the new date
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR validation error - Balance sheet is not filled
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Building and other construction workers welfare cess act 1996
- Article ship defecit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- Tax liability on income of freelancer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
