GST TDS CREDIT

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37 Points Posted on 31 August 2020
Can we claim Both GST TDS Credit and 26 AS TDS at same time for same client.
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On 31 August 2020 at 19:45 Report
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This discussion clarifies whether it's possible to claim both GST TDS credit and 26AS TDS for the same client. The answer is yes. It then delves into the practical accounting entries required, using an example to illustrate how to handle a bill with GST and TDS, and how to record the GST TDS credit in your books.

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281 Points Posted on 31 August 2020
Yes we can claim both credit
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On 31 August 2020 at 22:56
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37 Points Posted on 01 September 2020
Now question arises that how to pass entries in the books.
e.g. Bill amount is Rs. 1000 + 18%GST
TDS @ 2% I.e. Rs. 20
GST TDS Rs. 20 shows on GST portal.
how much need to be pay by customer.
Rs. 1160 or Rs. 1140.
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On 01 September 2020 at 08:23
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10 Points Posted on 01 September 2020
Rs 1160 as tds is deducted on taxable amt
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On 01 September 2020 at 12:34
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37 Points Posted on 01 September 2020
What about GST TDS credit how to record in books.
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On 01 September 2020 at 13:09

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