can a composition scheme holder can avails tds to set off its tax liabilities
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Quick Summary
This discussion explores whether businesses operating under a GST composition scheme can claim Tax Deducted at Source (TDS). While composition dealers typically pay a fixed tax percentage on turnover and cannot claim Input Tax Credit (ITC) or set off liabilities, the question arises when a government agency deducts TDS. The consensus is that once TDS credit is accepted on the GST portal, it is credited to the electronic cash ledger and can be utilised accordingly.