TDS CLAIM BY CONTRACTOR

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This discussion explains how contractors can claim Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) amounts deducted by the government. The process involves logging into the GST portal, navigating to 'Services' > 'Returns' > 'Returns Dashboard', and selecting the 'TDS/TCS credit received' tile for the relevant period. Successfully filing this form will update your cash ledger, allowing you to claim the deducted amounts. The TDS/TCS credit form needs to be filed monthly to receive the credit in your cash ledger.

sayad

sayad (Querist)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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.

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CA Altamush Zafar

CA Altamush Zafar (Expert)
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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.

sayad

sayad (Querist)
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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

CA Altamush Zafar

CA Altamush Zafar (Expert)
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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

sayad

sayad (Querist)
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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

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