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Gst - tds deduction available for refund for composition dealer ?

Biyawerwala Hozefa I. (student) (66 Points)

04 April 2019

The the composition dealer is to pay GST on turn over basis @ 1%(for manufactures& traders ) on quarterly basis to appropriate govt. then we deducting GST TDS @ 2%(CGST 1% and SGST 1%) .

My query is whether the Composition dealer can claim refund for TDS credited to his electronic cash ledger ?????

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3 Replies

Biyawerwala Hozefa I. (student) (66 Points)
Replied 04 April 2019

but In Composition Dealer, there is no Option available on GSTN Portal to Claim TDS Credit Received.

by the way, what is the provisions of section 54 ?

CA Sanjay Kumar Maharana (SENIOR OFFICER(ACCT)) (184 Points)
Replied 04 April 2019

Why should we deduct TDS from Composite dealer beacause they are not providing us Tax Invoice.

CA Arun Tiwari (Partner) (3930 Points)
Replied 04 April 2019

yes, it is very much possible. it can be claimed under subject to the provisions of section 54

The following conditions must be satisfied by the taxpayer to claim benefits under Section 54 of the Income Tax Act: Taxpayer is an individual or HUF. Exemption under Section 54 is not available for companies or LLPs. The asset transferred should be a long-term capital asset, being a residential house property.