Tds return f.y. 14-15

This query is : Resolved

manisha (Querist)
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13 February 2016 Sir

We have paid tds for the F.Y. 14-15 from our own account ie not deducted from Vendor payments and vendor also not going to claim the TDS amt, shall we have to file TDS return for the same. even if the company paid TDS from own accounts. Please guide me.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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13 February 2016 Yes you need to file the TDS return.

manisha

manisha (Querist)
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13 February 2016 sir if we file TDS return for the same then vendor get tds benefit but we have not recoverable from them

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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13 February 2016 But you have deposited TDS so you need to file TDS return, Delay in filing of TDS return will attract a Late filing fees of Rs 200 per day.

manisha

manisha (Querist)
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13 February 2016 Sir we are regular filing of TDS return, for this if we have to file tds return and we have to revised the same then also we have to pay the penalty ?

daya shankar singh

daya shankar singh (Expert)
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13 February 2016 If TDS return was already filed then you have to revised the same to insert the deductee and challan detail alongwith the late payment fee challan.

manisha

manisha (Querist)
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18 February 2016 Sir, I have one query we have purchase material from bangalore firm and they charges us CST 14.5% full tax, can this credit utilised for payment of CST tax. for information our company is in maharashtra state.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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28 July 2025 Regarding your TDS return for FY 14-15:

* **If you have deposited TDS from your own funds (without deducting it from the vendor), you still need to file the TDS return.**
* Filing the TDS return ensures the vendor gets the TDS credit in their Form 26AS, even if you haven’t deducted that amount from their payments.
* If you delay filing the TDS return, a late filing fee of Rs. 200 per day may be applicable.
* If you already filed the TDS return but missed adding this deductee and challan, you need to **file a revised TDS return** including the details, along with payment of any late fees or interest.

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About your CST query:

* CST (Central Sales Tax) paid to a seller in Bangalore (interstate sale) **cannot be claimed as input tax credit** under VAT or GST, as CST is a separate tax and credit rules differ.
* CST is generally a cost to the buyer unless your state laws provide for some credit mechanism (which is rare).
* Since your company is in Maharashtra and purchasing from Bangalore (Karnataka), CST is applicable on interstate sale and credit cannot be utilized against Maharashtra VAT or GST liability.

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